Caixin
Jun 29, 2018 06:44 PM
OPINION

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The yuan extended its losing streak against the dollar on Wednesday, hitting a fresh six-month low as concerns over a looming Sino-U.S. trade war and expectations of further monetary easing by China’s central bank weighed on investor sentiment.

Downside risks to China’s economic growth in the second half of this year are increasing due to deepening trade friction with the U.S. and slowing domestic demand, a senior policy adviser has warned, urging Chinese authorities to prepare for the worst.

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