Reported about 21 hours ago
As tensions rise with the expected return of Trump to the presidency, China's economy braces for impacts from potential high tariffs that could further weaken the yuan and threaten stock market stability. With the yuan already declining over 5% against the dollar since September and the bond yields at historic lows, analysts predict a possibly significant depreciation of the yuan, with estimates ranging from 7.50 to 8 per dollar depending on tariff levels. Despite reduced reliance on U.S. exports, external demand remains crucial for China's growth, leading to cautious monetary policies amidst fears of capital flight and economic instability.
Source: YAHOO