Chinese Yuan Slumps As FDI Slips, Housing Prices Lower Than Expected

May 17,2019 16:31   Source:Earnforex
The Chinese yuan is slumping against many major currencies at the end of the trading week. The yuan, which has plummeted in the wake of the escalation in the US-China trade war, rebounded on bullish economic data midweek but has since retreated on disappointing numbers. According to the Ministry of Commerce, foreign direct investment (FDI) advanced 6.2% in April, down from 6.5% in March. So far this year, China has recorded FDI gains in every […]

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