The people’s Bank of China on Monday weakened the yuan to the dollar by 0.3%, reports RIA Novosti.
It is noted that this change was a maximum weakening since the end of March.
The yuan made up 6,5120 per dollar, which is 222% more fixing 6,4898 installed last Friday.
Recall that in January the Chinese stock market has plummeted after the people’s Bank sharply lowered the exchange rate of the yuan to the dollar to 6,5646 (0.51%). The yuan began to weaken in the summer of 2014, but the sharpest decline occurred in August 2015 — the yuan in three days fell on 2.813 points, or 4.6%.
Of Course China. Will the experience of the Eastern neighbor to strengthen the ruble?
“China proadministration economy, explained the fundamental difference Yakov Mirkin, head of the Institute of world economy and international relations Russian Academy of Sciences. But as economic development of the country very carefully, more and more increases the degree of freedom. And the growth rate of its economy (let’s not 8-9% of GDP, as before, and 6-7), as well as the ability to produce anything allow it to do. Next.
