Central Zone judokas sweep five of six Suksar gold medals theborneopost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theborneopost.com Daily Mail and Mail on Sunday newspapers.
The currency has been hammered from all fronts as money leaves its financial markets, global companies look for China alternatives and a revival in overseas travel hits services trade.
(Bloomberg) China is witnessing the biggest flight of capital in years, creating concern for authorities as it worsens pressure on the beleaguered yuan. Most Read from BloombergDebris Spotted in Search for Missing US F-35 Fighter JetVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingHow Auto Executives Misread the UAW Ahead of Historic StrikeTrillion-Dollar Industry Powering Chicago at Risk of LeavingXi’s Missing Defense Chief Opens Door for US Military TalksThe currency has
That was the case in the aftermath of a shock currency devaluation in 2015 and during Chinas trade war with the US under the Trump administration, when Beijing needed to tighten capital curbs and boost the yuans funding cost in Hong Kong. While authorities have also taken various steps to stem the currencys weakness this time around, the outflow trend looks hard to reverse.
Capital Outflow from China Reaches Critical Levels, Increasing Yuan Pressure vervetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vervetimes.com Daily Mail and Mail on Sunday newspapers.