LONDON (Reuters - Hedge fund EDL Capital is betting on further falls for China's offshore currency and says the yuan's slide could be the next"black swan event" to rattle world markets, according to an investor presentation this month seen by Reuters.
China's labour market has also grown less competitive versus other Asian countries such as Vietnam and India, while a post-pandemic recovery has sputtered and foreign currency reserves"might be lower than what they are believed to be," it said.
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