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The Chinese yuan's slide is concerning but not systemic

2 monthes ago   |   By Business Insider

Thomson Reuters
The yuan has plunged 5% versus the dollar over the past three weeks.
This has drawn comparisons to 2015 when China let its currency fall sharply, roiling global markets.
But markets seem more comfortable with yuan depreciation this time around.
Amid fears of escalating trade tensions, the yuan's sharp depreciation against the dollar last month has spooked some investors who see similarities with China's currency devaluation in 2015, an episode that prompted capital outflows and roiled markets worldwide. Yet despite the similarities, differences in the macroeconomic backdrop...
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