Meanwhile, local authorities said a tributary of the Dadu – a major river in Sichuan ... with direct losses estimated to be more than 845 billion yuan (US$121.8 billion).

That could change with the PBOC explicitly setting the daily mid-point beyond the 7.2 level. In other words, the move signals ...

The yuan’s devaluation could drive the narrative of Chinese capital flight into hard assets, which includes Bitcoin (BTC), according to BitMEX founder Arthur Hayes. Bybit’s co-founder and ...

Unless Beijing brings out the big stimulus, weakening the currency is the easiest way to offset Trump’s tariffs.

Among the 11 analysts polled by CNBC, the majority do not see the currency weakening significantly, but rather a gradual depreciation engineered by the PBoC.

Arthur Hayes predicts China's yuan devaluation amid escalating U.S.-China trade tensions could drive capital into Bitcoin and ...

BitMEX co-founder Arthur Hayes highlighted a potential Chinese Yuan devaluation in his X post on Tuesday, suggesting it could drive Chinese capital flight into Bitcoin. Arthur says this trend ...

A weaker yuan would make exports cheaper and alleviate some pressure on China's trade and the broader economy, but a sharp decline could fuel unwanted capital outflow pressure and risk financial ...

However, analysts caution that a significant weakening of the yuan could have ripple effects, including triggering capital outflows, something policymakers are keen to avoid. Indeed, the yuan has ...