The Wall Street Journal
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China's Trillion-Dollar Bet on the Yuan
Posted
April 13, 2017
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3,977
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April 13, 2017
3,977
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2:22Now PlayingFor years, China seemed to defy the "trilemma," an economic theory that a country can't at the same time have a controlled exchange rate, free flow of capital and an independent monetary policy. Now Beijing is betting big on defending the yuan. Photo: Qilai Shen/Bloomberg News
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