Hong Hao, managing director and chief strategist at Bocom International, says the yuan could face heavy pressure next year, probably weakening by another 10 per cent. Photo: Reuters
Cathy Zhang
Opinion

Opinion

Across The Border by Cathy Zhang

Markets divided on yuan’s direction

But PBOC expected to refrain from supporting currency further and allow its continued depreciation, after recent inclusion in the IMF’s currency basket

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Hong Hao, managing director and chief strategist at Bocom International, says the yuan could face heavy pressure next year, probably weakening by another 10 per cent. Photo: Reuters
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