China’s yuan depreciation down to ‘short-term pressure’, says Beijing, economic fundamentals offer future support
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 is around 6.9 per cent weaker against the US dollar than it was a year ago, but the future of the currency will be ‘supported by solid underlying fundamentals’, said a newspaper affiliated with the central bank.