China’s struggling economy drags the yuan toward its lowest level of 2023

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The Chinese yuan is trading close to its 2023 lows. AP The Chinese yuan is trading close to its 2023 lows. The currency has plunged 5% this year amid signs of Chinese economic weakness. Beijing is battling weaker-than-expected growth, deflation, and plunging exports. The Chinese yuan is trading close to its weakest level of the year as weak data fuels concerns about the world's second-largest economy. The currency tumbled 1% last week and another 0.3% Monday to trade at just under 7.26 yuan per US dollar, according to data from Refinitiv, approaching the 2023 low it set back in June....