Reported about 11 hours ago
China's yuan is experiencing increased pressure due to unprecedented capital-account outflows as investors seek better opportunities abroad. In 2024, local banks sent a record 1.33 trillion yuan overseas for investments, compounding challenges from a weak domestic economy and declining foreign direct investment. As the People's Bank of China attempts to manage these outflows amid a diminishing trade surplus, the currency faces heightened volatility and risks of further depreciation.
Source: YAHOO