Chinese yuan continues to depreciate against the dollar, real estate crisis exposed two decades of accumulated risk
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China’s fiat currency has never been so weak against the U.S. dollar in about two years. Amid the yuan’s depreciation, China is suffering from a major real estate crisis, as China’s overleveraged housing sector has collapsed. Chinese yuan falls to two-year low against the dollar, PBOC cuts rates to support liquidity. The global economy is […]