Feature
Yuan at all-time low
The Chinese yuan has fallen to its lowest level compared to the US dollar since the financial crisis in 2008. It is in good company because the euro and the British pound have declined by a similar level. But should the currency of the world's second-largest economy by now not be in a better position than the EU to stand up to the dollar? At present, there is little sign of that. The Chinese yuan is still far from being a global currency.
Von Frank Sieren
