Generally the Chinese yuan acts as an important anchor in the regional foreign exchange market. Photo: AP
Generally the Chinese yuan acts as an important anchor in the regional foreign exchange market. Photo: AP
Currencies

Why China’s economic slowdown could spell bad news for Asian currencies

  • China is a net importer of goods from many Southeast Asian nations, so a slowdown in demand would affect their currencies
  • In 2020, Asean jumped to be the number one trading bloc with China, which runs a trade deficit with many countries in the region

Generally the Chinese yuan acts as an important anchor in the regional foreign exchange market. Photo: AP
Generally the Chinese yuan acts as an important anchor in the regional foreign exchange market. Photo: AP
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