Aug

Chinese Households Shrug Off Depreciation Fears to Embrace Yuan

Individual residents are less keen to buy foreign exchange
Chinese currency tumbled to 19-month low before rebounding

A group of once-prominent yuan bears has gone missing.

China’s individual or household investors, who in 2016 dumped the yuan to buy dollars amid a plunge in the exchange rate, have held their nerve this year despite declines in the Chinese currency, data compiled by Bloomberg show…

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Chinese Households Shrug Off Depreciation Fears to Embrace Yuan

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