The yuan is still inching closer to 7 per US dollar, quoted at 6.9493 and 6.9758 in the onshore and offshore markets, respectively, on Friday – the lowest levels in eight and a half years. Photo: AFP

Yuan ends 2016 with biggest annual loss since 1994

Most agree the currency will continue to depreciate against the greenback and the pressure of capital outflow will likely persist in 2017

TOP PICKS

The yuan is still inching closer to 7 per US dollar, quoted at 6.9493 and 6.9758 in the onshore and offshore markets, respectively, on Friday – the lowest levels in eight and a half years. Photo: AFP
READ FULL ARTICLE