Moody’s: China’s non-financial companies can withstand 10% RMB depreciation

Dhwani Mehta FXStreet

Headlines crossed the wires from the US-based ratings agency on the Chinese firms, citing that most Chinese rated high-yield non-financial companies can withstand 10% RMB depreciation, Livesquawk reports.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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