A brokerage shows currency exchange rates in Hong Kong. Since April, the yuan has slid almost 8 per cent against the US dollar. Photo: AFP

Why a falling yuan raises economic jitters in Australia

The weaker the yuan, the less Chinese have to spend – and that spells trouble everywhere from Australia’s property and tourism markets to its exports of iron ore and coal

Topic |   Yuan

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A brokerage shows currency exchange rates in Hong Kong. Since April, the yuan has slid almost 8 per cent against the US dollar. Photo: AFP
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John Power

John Power

John Power joined the Post in 2018 after nearly a decade as a journalist in the Asia region. He is a reporter for Asia Desk and This Week in Asia, with a special focus on Korean affairs.