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

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    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
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