Diabytes
Yuan currency News
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China`s imports grew at the fastest pace in more than two years in November, fueled by its strong thirst for commodities from coal to iron ore, while exports also unexpectedly rose, reflecting a pick-up in both domestic and global demand.
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China weakened the yuan's fixing almost one percent to a five-and-half-year low against the dollar today, officials said, the biggest downward move since August as the greenback surge after Britain's vote to leave the European Union.
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China's benchmark Shanghai stock index surged 150 percent in the 12 months to June before crashing, while the yuan, or renminbi (RMB), has depreciated since July, leading to a flight of capital from the country.
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