8 groups yuan depreciation will impact most
By Sun Chengdong (chinadaily.com.cn) Updated: 2015-08-13 06:32No 7 Property investors
The appreciation of the yuan coincided with a property market boom since 2005, the anticipation of renminbi appreciation against the dollar led to a huge amount of US dollars flowing into China and invested heavily in the property market. The expectation of yuan devaluation will cause a flight of foreign capital in the property market.
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Chinese homebuyers look at models of residential apartment buildings during a real estate fair in Shanghai, Dec 13, 2014. [Photo/IC] |
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