China’s yuan faces a cocktail of bearish headwinds even as Beijing scrambles to prop up the currency

JPMorgan strategists see reason to stay bearish on China’s yuan. China Photos / Stringer, Getty Images China’s currency has more downside ahead, according to JPMorgan strategists. Beijing has attempted to prop up the weakening yuan, but the bank sees reason to stay bearish. “The fundamental case for additional yuan weakness remains very much intact.” The Chinese yuan has weakened over recent months as the world’s second largest economy faces a wobbling property sector, slow growth, declining trade and lower foreign investment. Despite Beijing’s attempts to prop up the currency, Wall Street isn’t optimistic. The offshore yuan hovered near an all-time…