China Stocks, Yuan Tumble on Worries about Economic Slowdown

Posted by Fullerton Markets on Oct 8, 2018 5:47:02 PM

Onshore yuan traded in China slid to 6.9002 against the US dollar after the PBOC lowered the daily yuan reference rate to its weakest level since May 2017.

Our Chief Strategist Jimmy Zhu weighs in on the economic pressure China is facing in this SCMP report.