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.
China in 2 minutes a day
More from SupChina
Friday, May 26
May 26, 2017