Yongding Yu

Why is the Renminbi depreciating?

BEIJING – China’s currency has started falling again. The last major depreciation of the Chinese renminbi began in the second half of 2015, triggered by a surge in capital outflows. Despite repeated interventions by the People’s Bank of China (PBOC), markets remained frenzied for...

Wednesday, August 29, 2018, 10:51 PM

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