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China’s Currency Slide Adds to Its Economic Headaches

Por: MarketWatch Business September 14, 2023

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The reality is different. The West isn’t in recession, while the Chinese economy has grown much less than expected, making it harder to reach what was thought to be a rather underwhelming growth target of 5% for 2023. Against that backdrop, the yuan, or renminbi, has depreciated more than 8% against the dollar since its peak in January, after the euphoria from the reopening from zero-Covid policies. Worries about the Chinese economy have this... + full article



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