Chinese currency sinks to worst level in 16 years

South Africa News News

Chinese currency sinks to worst level in 16 years
South Africa Latest News,South Africa Headlines
  • 📰 Fin24
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

China's onshore yuan, whose trade is regulated by Beijing, sank Thursday to the lowest dollar level since 2007 as sliding Chinese exports revived fear of an economic slowdown.

Earlier on Thursday, it hit 7.3284 yuan to a dollar - which was the lowest level since December 2007.

China's exports and imports sank again in August, data showed Thursday, adding to growing pressure on authorities to introduce fresh stimulus for the world's number two economy even as the figures showed some sign of improvement.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Fin24 /  🏆 21. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Meyiwa murder trial postponed to Thursday due to new witness statementMeyiwa murder trial postponed to Thursday due to new witness statementThe trial against five men accused of the football star's 2014 murder was set to continue in the Pretoria High Court on Wednesday but could not proceed due to the late disclosure of a witness statement.
Read more »



Render Time: 2025-03-14 00:08:38