As Yuan Falls, China's Wealthy Look for Safe Havens

For many in the ranks of China's wealthy, the shock devaluation in the yuan is a cause of regret ... that they hadn't moved more money offshore sooner. Now many are scrambling to shift cash out of the country, fearful that Tuesday's 2 percent devaluation is the start of a longer-term slide in the currency, despite the People's Bank of China (PBOC) saying there is no basis for more depreciation. "With the devaluation, I've just lost several hundred thousand...

© La Voix de l'Amérique - jeudi 13 août 2015