You are here

Media's yuan-devaluation reports over-dramatic: Wing Tai

China move shows it is becoming more market-driven, says chairman Cheng Wai Keung; group's Q4 profit falls 19%


THE media have been "over-dramatic" in their doom-and-gloom reporting of the Chinese central bank's devaluation of the yuan, Wing Tai chairman Cheng Wai Keung said at the group's results briefing on Thursday.

The People's Bank of China on Tuesday surprised markets by

Market voices on:


Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at

Powered by GET.comGetCom