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China’s rising housing prices pressure the yuan as investors look overseas for cheaper options

1 month ago
Amedeo Tumolillo
ecause 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.
By Amedeo Tumolillo
Amedeo Tumolillo is the editor-in-chief of SupChina and award-winning multimedia journalist. He previously worked at The New York Times and Spectrum. Follow him on Twitter at @hellotumo.