Comment from Fitch: China's yuan depreciation highlights economic challenges

  • Depreciation of Chinese yuan underscores both pressure on China's economy and that authorities remain committed to market-oriented reform
  • Sees the reform process as aimed at tackling unresolved structural weaknesses
  • Direction of movement of the currency highlights wider pressures on the economy
  • A more substantial devaluation of the yuan would add to the economic challenges currently being faced by asia-pacific more broadly

Headlines via Reuters