The yuan has depreciated 8 percent since May, and could see a further 15 percent drop brought on by the People's Bank of China to counter U.S. tariffs. But that could trigger huge capital outflows, something Beijing definitely does not want.
# @NewsThe yuan has depreciated 8 percent since May, and could see a further 15 percent drop brought on by the People's Bank of China to counter U.S. tariffs. But that could trigger huge capital outflows, something Beijing definitely does not want.
# @News