• 11/26/2024

China yuan: weak currency hits traders, travellers as customers request discounts, firms could raise retail prices

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

China’s yuan fell to a 16-year low against the US dollar last week, with financial regulators vowing to take action to stem one-sided speculative bets, but exporters are already under pressure to change prices.

https://www.scmp.com/economy/economic-indicators/article/3234286/china-yuan-weak-currency-hits-traders-travellers-customers-request-discounts-firms-could-raise?utm_source=rss_feed