As economic indications point to prolonged weakness, the People's Bank of China (PBoC), the nation's central bank, has relaxed monetary policy.
According to the International Monetary Fund (IMF), the world economy is projected to grow by 4.9% YoY in 2022F, from an unusually high level in 2021F (5.9% YoY).
The Chinese economy is slowing notably at a time when most others, such as the US, have been rebounding strongly. So how will the renminbi fluctuate by end-year?
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