Reported 4 days ago
The offshore yuan experienced a significant decline on December 31, 2024, briefly reaching its lowest point against the US dollar in over two years, trading down to 7.3695 per dollar. Although it later recovered slightly to 7.3416, the drop was attributed to low trading volumes on the last day of the trading year, rather than any specific market driver. President Xi Jinping had previously estimated China's GDP growth at around 5% for 2024.
Source: YAHOO