New house prices rose in 55 out of 70 Chinese cities tracked in August, according to the National Bureau of Statistics. Photo: Simon Song

Strong sales mean yuan depreciation is not a problem for Chinese developers with foreign debts, Moody’s says

  • Most Chinese developers can withstand a 10 per cent depreciation in the yuan, according to the rating agency
  • The yuan is the second-worst performing currency in Asia this year, weakening 3.7 per cent against the US dollar
Topic |   Yuan

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New house prices rose in 55 out of 70 Chinese cities tracked in August, according to the National Bureau of Statistics. Photo: Simon Song
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