China’s Weakening Currency Is Becoming a Headache for Its Central Bank

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China’s Weakening Currency Is Becoming a Headache for Its Central Bank
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China’s currency has weakened too far and too fast for its central bank. That has led to tough talk, including a warning to speculators.

A recent rate cut looks unlikely to turn the economy around. But it has put more pressure on the yuan.With the onshore yuan having lost around 4.

8% of its value since the start of the year, the People’s Bank of China has begun to try to strengthen it.Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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