Simon Henry, another founder and co-CEO of Juwai.com, said the yuan’s depreciation would only change investment destinations, because despite the yuan falling against the US dollar, it has risen against the UK pound and Australian dollar.
For example, the yuan has risen over 20 per cent from about 5.85 yuan per Australian dollar last June to 4.57 yuan. The historic low interest rate in Australia has also heated up the market.