Goldman Warns That the Chinese Yuan Is Headed for Its Biggest Annual Decline in Over 20 Years — Fortune

The accelerating outflow of capital from China is likely to coincide with the yuan’s sharpest annual depreciation in over two decades, warned Goldman Sachs. According to Bloomberg, economists from the investment bank wrote Friday in a note that a net amount as high as $69.2 billion of money left the country in November. Steady departures…

via Goldman Warns That the Chinese Yuan Is Headed for Its Biggest Annual Decline in Over 20 Years — Fortune

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