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Is the yuan safe?

China’s economy – under pressure since the middle of 2015 – has made a remarkable recovery in recent weeks. Exports, after declining for eight consecutive months, rallied to rise11.5 percent in March.

China’s foreign exchange reserves also staged a comeback, rising a meagre 0.3 percent, but rising all the same. Yuan stabilised against the dollar in April, and even the Shanghai stock market posted small gains.

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Sydney-based globalization expert Salvatore Babones is available to speak on the Chinese economy (demographics, growth, technology), the Belt & Road Initiative, global trade networks, and Australia-China relations. Contact: