renminbi

A man walks past China's central bank, which appears to have orchestrated the yuan's fall against the U.S. dollar.

China's Currency Falls To Lowest Exchange Rate In 11 Years

1:53pm August 05, 2019

by Emily Feng

China's central bank appears to have orchestrated the yuan's fall against the U.S. dollar. A weaker currency makes Chinese goods more competitive on the world market.