위안화 기준환율 11년만에 달러당 7위안 돌파<br /><br />China's basic exchange rate has weakened to seven yuan per dollar for the first time in 11 years.<br />China's central bank, the People's Bank of China, announced on Thursday it set the yuan at seven-point-zero-zero-three-nine to the dollar, zero-point-zero six percent weaker than the previous day's six-point-nine-nine-nine-six.<br />The last time it took more than 7 yuan to buy a dollar was in May 2008, as the world was slipping into a financial crisis.<br />A weaker yuan is largely seen as the result of the escalating trade spat between the U.S and China as well as concerns over the slowing growth of the Chinese economy.<br />
