Chinese Yuan Weakens As State Stimulus, Bearish Forecasts Revealed

Mar 07,2019 03:50   Source:Earnforex
The Chinese yuan is weakening against several major currency rivals midweek. As the federal government unveiled its multi-layered stimulus to boost the economy, new forecasts show that economists believe growth could plunge to 2% in the next decade, but not before growing 6% this year. China unveiled a major tax cut package on Tuesday, opening the annual session of the nation’s parliament. Warning that the country faces “a tough struggle,” […]

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