A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration
The yuan has lost more than 2.5% against the dollar since the festering China-U.S. trade dispute intensified earlier this month. It is now less than a tenth of a yuan away from the 7-per-dollar level authorities have in the past indicated as a floor. Xiao also said Beijing must look out for hot money moving in and out of the country, as well as large amounts of capital flowing into the frothy real estate market.
How can you have frothy real estate markets with new empty cities? They lie!
For those of you who think American consumers are paying the tariffs, think again. China is the largest borrower from the world bank and they are paying manufacturers subsidy to offset the tariffs.
They could drag us down with them at the rate this tariff/trade war is heating up. Just watch the Dow and gold prices!
Lol, all they do is export deflation.
Yep
The article is 137 words. Nothing much to see beyond the title here, folks.
Yeah it will! It may be completely worthless by the end of the year.
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