Reported about 18 hours ago
UBS's chief economist for China, Wang Tao, stated that while a weaker yuan might provide only modest support for Chinese exports, the government will make significant efforts to slow its depreciation amidst threats of US tariffs and a strong dollar. Even as the yuan approaches record lows, Beijing aims to maintain financial stability and competitiveness, although the overall economic outlook could be challenged by the potential impacts of tariffs, housing downturn, and shifts in corporate spending.
Source: YAHOO