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With the United States appearing to be poised for interest rate cuts starting September, Chinese policymakers should strengthen monitoring of capital flows and prepare contingency plans against any potential sharp renminbi appreciation, analysts said. While a significant appreciation of the renminbi, or the yuan, against the US dollar is unlikely, they said they still expect Chinese financial regulators to bolster the management of expectations amid lingering uncertainties. Measures such as adjusting the foreign exchange reserve requirement ratio may be taken to maintain the overall stability of the yuan in the event of any surge in speculative capital inflows. ▲ A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. Photo/Xinhua Talk about the potential for a drastic yuan rebound started after Bloomberg published a report on Tuesday. Stephen Jen, chief executive of British hedge fund Eurizon SLJ Capital, was quoted in the r
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