Fact check: Did China cancel the US Dollar peg at the stock market?

ongoing coronavirus pandemic has also brought upon various challenges across globe related to finance and ecomics. A number of countries are facing ecomic problems due to  coronavirus outbreak and thus are resorting to various methods to ensure that ir ecomies remain stable through and after pandemic is over. But amid se trying times, people haven't stopped from sharing fake news on internet which could, in fact, le to harmful consequences for end-reers. 

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Claim 

Various viral messs on social media were claiming that 'China cancels Dollar peg', 'China cancels Dollar peg in stock market' or 'China delinks Dollar'. messs claimed furrmore that 'China delinks Dollar to operate effectively in Yuan at stock market'. mess stated that China has taken this step to fuel ecomic warfare against USA. Check out mess below - 

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Rating - False

It is reported that China will be considering to re-peg ir exchange rate against US dollar. This decision will be undertaken in order to avert any financial crisis that country might face as an aftermath of coronavirus outbreak. But, news about China exempting US dollar from stock market have been me public by official sources in China. official website of China's central bank also does t showcase any such disclaimer of tice about China cancelling US dollar peg. 

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Origin 

Ever since coronavirus outbreak has spre across globe, various fake stories surrounding China have me ir way to internet. fake news in-general spre hate against country while making blatantly false claims and defaming China. viral mess in-question was first shared on WhatsApp and later also went viral on various social media platforms. 

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Google Trends analysis

As stories about China cancelling dollar peg went viral on internet, people took to Google and searched about same. This resulted in a surge of search results about topics like 'China cancels dollar peg in stock market' and 'China cancels dollar peg'. Check it out below - 

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