(SPANISH.CHINA.ORG.CN) – The central parity rate of the RMB, or yuan, announced by the Trading System of China Foreign Exchange (CFETS), stood at 6.2298 against dollar on Tuesday, compared with 6.1162 on August 11, less than 2 percent, the lowest since April 2013.
It was a step in the internationalization of the yuan. The People’s Bank of China said that rely more exchange rate of the yuan to the dollar at the closing rate of the previous day in the interbank foreign exchange market.
Although the impact of the devaluation the yuan is still affecting the daily lives of people, the following groups will experience firsthand the positive and negative effects of the devaluation.
No 8 Investors in shares
While the yuan is devalued, the stock market also will shift downward. The devaluation will cause the depreciation of yuan-based assets, and financial and property stocks will. In addition, expectations of long-term depreciation of the yuan will lead to an outward flow of money, which could strengthen liquidity and drag him to the index.
killed the investors look stock market in Fuyang City, Anhui Province, east China, July 28, 2015.
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