8 groups yuan depreciation will impact most

0 Comment(s)Print E-mail China Daily, August 13, 2015

Residents consult about house property information at a housing trade fair in Yinchuan, northwest China's Ningxia Hui Autonomous Region, April 29, 2015. [Xinhua]

No 7 Property investors

The appreciation of the yuan coincided with a property market boom since 2005, the anticipation of renminbi appreciation against the dollar led to a huge amount of US dollars flowing into China and invested heavily in the property market. The expectation of yuan devaluation will cause a flight of foreign capital in the property market.

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