Growth has slowed to 4.3%, and the Politburo has just set Beijing's economic priorities for the second half of the year. The soft economy is also weighing on the yuan, against Xi Jinping's preference for a strong currency.
China's economy is losing momentum, and the Politburo sets the country's economic priorities for each half-year. Beijing's political goals, among them a currency that looks strong, run up against what a weakening domestic economy and markets allow. The fortunes of migrant workers are one gauge of that strain.
The Wall Street Journal argues that China's economy keeps holding down the yuan, against Xi Jinping's wish for a currency that looks strong. The South China Morning Post reported that the Politburo set economic priorities for the second half of the year with growth having slowed to 4.3%, and that the shift may hinge on what migrant workers do next.