China’s yuan boost fails to lift gloomy economic outlook

China’s economy is a disaster, and it’s no secret. The government’s latest attempt to stabilize the yuan and calm the markets is falling flat, leaving traders and analysts unimpressed. Despite frantic efforts by the People’s Bank of China (PBOC), the yuan is dangerously close to the weak end of its trading band, and bond yields […] source: https://www.cryptopolitan.com/china-yuan-boost-fail-to-lift-gloomy-economy/