China’s Two-Speed Economy Spurs Yawning Gap Between Stocks, Yuan

China’s longstanding two-speed economy is creating ever greater divergence in its financial markets, with stocks and bond yields sinking to more than one-year lows this month while the yuan has...

By Winnie Hsu and Julia Zhong · Bloomberg Markets

China’s longstanding two-speed economy is creating ever greater divergence in its financial markets, with stocks and bond yields sinking to more than one-year lows this month while the yuan has powered higher.