China Briefing News

RMB Depreciates Against U.S. Dollar By Record Amount in May

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By Sofia Liska Jun. 8 – China’s renminbi (RMB) dropped 0.9 percent against the U.S. dollar in May, more than in any other month since the Chinese government first started letting the RMB appreciate in 2005. A weaker RMB makes Chinese exports more appealing to those importing Chinese goods, but raises the price of foreign […]

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