SHANGHAI/HONG KONG -- This week's market turmoil stemming from Japan may have given China's central bank an unlikely assist in its battle to stimulate economic activity.
Firmer currency could enable more monetary easing, analysts say, with caveats
Like the Japanese yen, the Chinese yuan has been used to make carry trades -- borrowing in currencies of countries with low yields and investing in those with higher ones. © Reuters
SHANGHAI/HONG KONG -- This week's market turmoil stemming from Japan may have given China's central bank an unlikely assist in its battle to stimulate economic activity.