Falling Yuan Jitters Chinese Government: Analysis

Beijing: The tightly controlled Chinese Yuan has crossed the closely scrutinised 7-per-dollar level and fallen to multi-month lows.On June 21, the Yuan, usually known as the renminbi (RMB), fell to below 7.2 versus the dollar. Foreign investors have pulled out of China’s markets as concerns about the robustness of its economic recovery deepen, and since January, the value of the yuan has dropped

June 27, 2023
Read More >>