The offshore yuan traded at 6.4795 against the US dollar on Tuesday, 0.8 per cent cheaper than its onshore counterpart. Photo: AFP

Yuan weakens further despite efforts by People’s Bank of China to stabilise exchange rate

Currency had already hit a five-month low against the US dollar on Monday

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The offshore yuan traded at 6.4795 against the US dollar on Tuesday, 0.8 per cent cheaper than its onshore counterpart. Photo: AFP
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