Yuan slide might be 'end of an era'
By Gao Changxin in Beijing and Shi Jing in Shanghai and Zheng Caixiong in Guangzhou | China Daily | Updated: 2014-03-01 08:26
Fluctuations seen by some analysts as deliberate move by central bank
The yuan closed at an eight-month low against the dollar on Friday after a sharp mid-day dip. Economists said this volatility might signal the end of nearly a decade of gains for the currency.
The yuan was down by 0.9 percent during the trading day, the biggest such movement since at least April 2007.
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