China steadies yuan as exporters feel currency squeeze

Central bank signals caution after rapid gains dent manufacturers' profits Some Chinese exporters have issued profit warnings due to foreign exchange losses, reflecting a decline in the value of their dollar-denominated assets in their yuan-denominated financial statements. © Reuters SHANGHAI — The pace of the Chinese currency's appreciation is slowing, reflecting policymakers' efforts to stabilize the yuan as its strength weighs on exporters' earnings.

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