Analysts predict weaker RMB amid US-China spat

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Analysts predict weaker RMB amid US-China spat

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Flag of China with face of Mao Zedong on RMB (Yuan) 100 bill. Downtrend stock diagram | kromkrathog - Fotolia

As the market digests news of the weaker renminbi, which broke seven against the dollar for the first time since the financial crisis on Monday, analysts are predicting that a new equilibrium for the currency will emerge. Rebecca Feng reports.

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