Weaker yuan could fuel capital outflow – China’s NBS Head

FXStreet (Mumbai) – Head of China’s National Bureau of Statistics (NBS) Wang Baoan, is crossing the wires via MNI, noting the side-effects of the weaker yuan on the economy.

Key Quotes:

Weaker yuan could fuel capital outflow

Weaker yuan adds foreign debt burden for companies

Yuan weakens because of a stronger us dollar

Yuan weaker also adds downside pressure on China eco

No basis for long term yuan depreciation

Head of China’s National Bureau of Statistics (NBS) Wang Baoan, is crossing the wires via MNI, noting the side-effects of the weaker yuan on the economy.

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