Former People’s Bank of China governor Zhou Xiaochuan. Photo: Simon SongFormer People’s Bank of China governor Zhou Xiaochuan. Photo: Simon Song
Former People’s Bank of China governor Zhou Xiaochuan. Photo: Simon Song

China’s yuan dropping below 7 to the US dollar is no longer ‘forbidden zone’, analysts say

  • Former People’s Bank of China governor Zhou Xiaochuan dismissed the importance of keeping the yuan above 7 to the US dollar last week
  • The yuan has stabilised in recent weeks as authorities voiced support for the currency, but weakened by 0.1 per cent to 6.9075 per US dollar on Tuesday

Topic |   China economy
Former People’s Bank of China governor Zhou Xiaochuan. Photo: Simon SongFormer People’s Bank of China governor Zhou Xiaochuan. Photo: Simon Song
Former People’s Bank of China governor Zhou Xiaochuan. Photo: Simon Song
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