Commentary
China’s COVID-19 lockdowns and rate cuts are driving down the yuan and exacerbating foreign capital outflow.
A clerk counts stacks of Chinese yuan and U.S. dollars at a bank in Shanghai, China, on July 22, 2005. China Photos/Getty Images
Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
