×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

Weak Yuan worries Chinese immigrants in US

Chinese 100 yuan banknotes are seen on a counter of a branch of a commercial bank in Beijing, March 30, 2016. [Reuters]

Economic woes and depreciation of the yuan in China are affecting the lives of some Chinese immigrants thousands of miles away.

Zhai Li of Pasadena, California, has a consumer goods factory in China's Xi'an, Shaanxi province, with her husband. Zhai and her son moved to Beijing so her son could attend elementary school there. She brought him back to the U.S. for middle school while her husband stayed in Xi'an to take care of the business.

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in