What does the rapid devaluation of the yuan mean for real estate? 25 March 2019
The unexpected devaluation of the Chinese yuan, or renminbi (RMB), has sent shock waves through asset markets around the world not only because of the significant and rapid degree of downward adjustment, losing 4.6% within a period of just three days, from August 11 to 13, but also because of the underlying implications for ongoing economic reform in China.
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