A clerk counts banknotes at a bank outlet in Hai'an in Jiangsu province on 6 August 2019. Photo: EPA-EFE

China’s currency is poised for its worst month on record after weakening beyond the barrier of 7 yuan per US dollar

  • The Chinese currency has plummeted 3.9 per cent this month, the biggest loss since January 1994, when the modern exchange rate regime was adopted
  • The slump past the 7 level for the first time since the financial crisis comes as US-China trade tensions escalate
Topic |   Currencies

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A clerk counts banknotes at a bank outlet in Hai'an in Jiangsu province on 6 August 2019. Photo: EPA-EFE
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