Economics
Offshore Yuan Slides in Worst Week Since 2011 on Growth Concerns
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The yuan had its biggest weekly slide since September 2011 in offshore trading after China manufacturing data added to signs of a slowdown in the world’s second-largest economy.
The yuan dropped 0.27 percent today to 6.0847 per dollar as of 4:40 p.m. in Hong Kong, extending this week’s loss to 0.81 percent, based on data compiled by Bloomberg. The currency fell