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The Chinese yuan recorded its best performance since 2008 in the third quarter powered by China's economic recovery from the coronavirus fallout, less aggressive monetary easing and continued capital inflows as the country opens up its financial markets to global investors.
The onshore yuan booked 3.8 per cent gain in the third quarter ending September 30, while its offshore counterpart advanced more than 4 per cent during the period.
It's the yuan’s best quarter against the greenback since early 2008, when China’s surge in stimulus spending combined with worries about . . .
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