In addition, it bought 30% of the shares of Beijing-based New Run Entertainment for 18 million yuan and the exclusive right to distribute most of the company's owned entertainment.

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In the past, bosses often preferred to run a business down to its last yuan before acknowledging problems, at which point there was little to reorganise.

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And as of last week, the yuan is up for a ninth straight week, marking the longest run since November.

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This was both insurance against another run on the rupiah and part of China's experiment with using the yuan as an international currency.

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