Beijing is starting to unwind some of the extraordinary measures aimed at bolstering its currency, after the yuan’s recent surge in value began taking a toll on Chinese exporters.
BEIJING—China is starting to unwind some of the extraordinary measures aimed at bolstering its currency, after the yuan’s recent surge in value began taking a toll on Chinese exporters, adding to economic headwinds.
Starting Monday, the People’s Bank of China will scrap a two-year-old rule that made it more expensive for traders to bet the yuan will fall in value, according to a central bank notice sent to commercial banks late…
