Experts warn as yuan dips further
By Gao Changxin in Shanghai and Wang Wen in Beijing | China Daily | Updated: 2014-03-21 07:50
Slump to lowest level in year may mark the end of appreciation
The yuan's fall against the US dollar will discourage fund inflows, put pressure on domestic liquidity, and may prompt the Chinese government to loosen its monetary policy, according to analysts.
The yuan dived to a one-year low against the greenback at one point on Thursday, in a slump that may mark the end of the Chinese currency's decade-long appreciation.
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