The anti-government protests and the US-China trade war are already weighing on Hong Kong’s economy, now it is set to feel the pressure of a weaker Chinese yuan. Photo: Felix Wong

China’s yuan exchange rate drop could roil already strained Hong Kong-protest hit economy

  • The yuan fell below the key level of 7 to the US dollar last week for the first time in 11 years, and could hit tourism and retail spending from mainland Chinese visitors
  • Investment flows into Hong Kong may increase through Stock Connect if investors expect the yuan to fall further amid the US-China trade war and Hong Kong protests
Topic |   China economy

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The anti-government protests and the US-China trade war are already weighing on Hong Kong’s economy, now it is set to feel the pressure of a weaker Chinese yuan. Photo: Felix Wong
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