Depreciation to boost investment
By Zheng Yangpeng In Beijing And Wu Yiyao In Shanghai | China Daily | Updated: 2015-09-04 08:15
Diversifying assets globally will help hedge currency risk
Far from deterring outbound Chinese property investment, leading international realty professionals expect the yuan's depreciation to actually increase industry activity.
Since August 11, when the People's Bank of China surprised the world by lowering the yuan's reference rate, the currency has declined by 3.3 percent against the US dollar before it rose a little in the past few days.
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