Onshore yuan, traded on the mainland, slid 0.82 per cent to 6.9253 against the US dollar, marking the biggest daily decline since July 19. Photo: Reuters

China’s yuan, stocks tumble on worries about economic slowdown, even as central bank acts to encourage more lending

China’s central bank acts to encourage more lending. Although it was already priced into the market, the move was bigger than expected, amid signs of slowing manufacturing and more anti-China rhetoric out of the US.

Topic |   Yuan

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Onshore yuan, traded on the mainland, slid 0.82 per cent to 6.9253 against the US dollar, marking the biggest daily decline since July 19. Photo: Reuters
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