Stock and currency double kill.

The RMB to USD exchange rate has fallen below 7.3! The People's Bank of China stated that it will maintain exchange rate stability and continue to adhere to a loose monetary policy stance.

https://chainalert.me/view/headline/e5915d

It is worth noting that since the Chinese government launched a series of economic stimulus measures at the end of September last year, the stock market initially received a brief boost but then fell back into a slump. According to data from Sina Finance, yesterday China's main stock indices closed mostly lower, and investor sentiment is bleak.