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Market Views: What are the implications of a weakening Chinese yuan?

Shusi He
After China’s yuan hits a 27-month low, should China watchers be more worried, or is there a calm after the storm?
Market Views: What are the implications of a weakening Chinese yuan?

Last week, China’s onshore and offshore currency weakened past the key level of 7 yuan per US dollar. Although it last happened not long ago in mid-2020, this time the declines are accelerating at a much faster pace since August this year.

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