China’s rising housing prices pressure the yuan as investors look overseas for cheaper options
Because the importance of China's property market outweighs that of many other sectors, including the stock market, it is believed that officials will let the yuan exchange rate change in order to avoid sudden alterations to housing prices, according to an economist with the Royal Bank of Scotland.
More from SupChina
Wednesday, October 26
Trekking in the desert
Oct 26, 2016