Offshore Yuan Drops as China PMI Declines to Lowest Since 2009Bloomberg News
President Xi says China won't devalue yuan to boost exports
PBOC seen intervening in market to prop up the currency
The offshore yuan dropped to the lowest level in almost two weeks as data indicating a contraction in Chinese manufacturing sparked concern of a worsening slowdown in the world’s second-largest economy.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.