Tag: China’s struggling economy
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Concerns that China’s struggling economy may limit global growth are highlighted by the yuan’s sharp decline against the competition’s dollar
Concerns that a downturn in the second-biggest economy in the globe could slow global growth are intensified by the Chinese yuan’s sharp decline over its major rival, the US dollar. The renminbi dropped as much as 0.6% on Monday, selling at a 7-month low against the dollar, to a little under 7.22 yuan. Despite the Federal Reserve…