China’s Yuan Plunges As Lockdowns Cripple Export Machine

The onshore yuan dove 1% against the dollar Monday to the weakest in more than two years, as questions continued to swirl around the world's second largest economy. Premier Li Keqiang's dark assessment of the country's employment situation -- which he described as "complicated and grave" during a video call over the weekend -- undercut already fragile sentiment. China's surveyed jobless rate sits at a two-year high, but the figure isn't widely cited. It's not seen as a particularly reliable me