China walking on a tightrope as foreign investors flee

in #cn3 years ago

Hi Steemitians,

THE Chinese yuan has fallen to the lowest level this year against the US dollar after the People's Bank opened the monetary spigot to avert an economic slowdown.

It raises the spectre of capital outflows and a potential currency scare akin to late 2015 if the dollar keeps rising.

Click the below link for full details

https://www.smh.com.au/business/the-economy/china-walking-on-a-tightrope-as-foreign-investors-flee-20180626-p4znqi.html

Article by Ambrose Evans-Pritchard

Image Courtesy:Bloomberg

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