A woman walks past a sign featuring a fist holding U.S. dollars in central Beijing on Nov. 27, 2006. Photographer: Natalie Behring/Bloomberg News

Last Updated: 12:31am BST 26/08/2008 — Rule changes for commercial banks are acting as cover for exchange rate intervention, writes Ambrose Evans-Pritchard China has resorted to stealth intervention in the currency markets to amass US dollars, using indirect means to hold down the yuan and ease the pain for its struggling exporters as the global slowdown engulfs the economy.

* — ‘A Bundesbank study found 40 cents of every dollar spent by eurozone countries on oil imports comes back again one way or another. The figure for the US is just 10 cents.’

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