Yuan price reduction affects on local industry: experts

Yuan price reduction affects on local industry: experts

The sudden depreciation of Chinese yuan against the US dollar brings more difficulties to Viet Nam’s yarn industry, according to Viet Nam Textile and Apparel Association.
European stocks tumble on tariff moves as Chinese yuan sinks

European stocks tumble on tariff moves as Chinese yuan sinks

European stock markets tumbled on Monday (Aug 5) after the Chinese yuan fell sharply in what analysts said was Beijing's riposte to US President Donald Trump vowing to impose fresh tariffs on Chinese goods in the latest trade war flare-up.