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

B
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.
12 months ago
Amedeo Tumolillo
By Amedeo Tumolillo
Amedeo Tumolillo is an editorial consultant with SupChina and award-winning multimedia journalist. He previously worked at The New York Times and Spectrum. Follow him on Twitter at @hellotumo.
China in 2 minutes a day
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