The theory first appeared in June but has gained momentum since September. Photo: ReutersThe theory first appeared in June but has gained momentum since September. Photo: Reuters
The theory first appeared in June but has gained momentum since September. Photo: Reuters

US$1 for 19.77 yuan? How a bogus social media rumour reveals fear that China is printing money

The yuan should be worth 19.77 to the dollar, not the current rate of 6.9, according to a theory that has been debunked but speaks of a broader worry

Topic |   China economy
The theory first appeared in June but has gained momentum since September. Photo: ReutersThe theory first appeared in June but has gained momentum since September. Photo: Reuters
The theory first appeared in June but has gained momentum since September. Photo: Reuters
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