China currency weakness shocks investors - Feb. 26, 2014: "But markets have been shocked in recent days by a sudden change in direction -- the yuan has fallen 1% against the dollar over the past six days.
One dollar now buys 6.12 yuan, up from a low of 6.04 in late January.
That may seem like a small move, but it's significant for a currency that is tightly controlled and allowed to trade only within a narrow range."
Signs of economic weakness could be contributing to the currency's decline. Factory activity has stumbled in recent months, setting off alarm bells about the pace of growth. And investors remain worried about the risks building in the country's shadow banking system after a period of rapid credit expansion.
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