The Chinese central bank has halted government bond purchases to address downward pressure on the yuan caused by plummeting bond yields, signaling concerns about financial risks. This move comes amid slower economic growth and a wider gap between Chinese and U.S. bond yields, impacting capital outflows and exchange rates. By combining various measures, including bond suspensions and issuing bills, the PBOC aims to stabilize the yuan and manage bond yields effectively.
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First picture of brother, 11, and sister, 13, swept to their deaths off Spanish beach
Ameiya, 13, and her 11-year-old brother, Ricardo Junior, tragically drowned during a family holiday in Salou, Spain, after being swept away by strong currents while swimming with their father. Despite rescue efforts, the siblings could not be saved, prompting their family to set up a GoFundMe to help cover the costs of bringing them home and providing a dignified farewell. Want More Context? 🔎
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