Business | China's support of yuan makes huge dent in nation's savings

Support of yuan puts huge dent in nation's savings

Donald Trump may have branded China a currency manipulator but the data show Beijing has paid a hefty price propping up the yuan

November 29, 2016 12:52 PM (UTC+8)
What goes up... once seen as a one-way bet on China's surging economic growth, the yuan's fortunes have reversed. Photo: Reuters
What goes up... once seen as a one-way bet on China's surging economic growth, the yuan's fortunes have reversed. Photo: Reuters