- Expects consumption to continue to recover
- Will keep supply chains stable and smooth for both importers and exporters
Well, we can only wait and see as to what these measures will be but for now, it is clear that Chinese policymakers are favouring a weaker yuan to help with the situation. The onshore currency has weakened past 6.45 against the dollar for the first time since October last year while the offshore currency is now down to its weakest since September last year:
