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Due to the announcement made by the government China has revised main foreign exchange rules. This is the first alteration for the last 11 years. These changes are intended to increase the control over the fund flows and slow the forex reserves growth. As for the Chinese currency it is probably won’t be affected by the changes made. They will have only a psychological impact on the yuan.
According to the forex trader in Shanghai all these changes are nothing but the reflection of the positive situation occurred in the country at the beginning of the Olympics.