China Switches to Supporting Yuan as Outflows Mount: Currencies

``After more than a decade of curbing the currency's gains to help turn the nation into a manufacturing colossus, there are signs the People's Bank of China is now propping up the yuan to stem an exodus of capital that's threatening the economy... The authorities need to think of a way to keep the audience in the theater" as the economy slows... China's data ... point to a record $63 billion leaving the country in the third quarter of 2014. Bank of America Corp. estimates $120 billion of capital flowed out of China in the final quarter of last year.''