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MARKETS ON EDGE

China's lost credibility to weigh on emerging markets: Citi strategist

Thursday, January 21, 2016 - 05:50
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China's economic growth will continue to decline, falling below projections for a 6 per cent expansion, Kissinger Associates Vice Chairman Robert Hormats said.

Singapore

CHINA is now beset with problems of credibility, as the market is deeply sceptical that the central bank will be able to defend the yuan, a senior strategist at Citi Private Bank said on Wednesday.

The further weakness in the yuan against the greenback will, in turn,

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