Weaker yuan could fuel capital outflow – China’s NBS Head

FXStreet (Mumbai) - Head of China's National Bureau of Statistics (NBS) Wang Baoan, is crossing the wires via MNI, noting the side-effects of the weaker yuan on the economy.

Key Quotes:

Weaker yuan could fuel capital outflow

Weaker yuan adds foreign debt burden for companies

Yuan weakens because of a stronger us dollar

Yuan weaker also adds downside pressure on China eco

No basis for long term yuan depreciation

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