China changed how much the yuan is worth, it dropped 1.9% on Tuesday, 1.6% on Wednesday, and 1% on Thursday. The yuan is now 2% less than the dollar. The Money Times says. “The fear is that China’s economy is slowing more than expected and that U.S companies that do business there would be hurt by a stronger dollar related to the yuan depreciation, which makes U.S. products sold in China more expensive.”
The Life and Times of the Karman Krew
