Locally-managed pension funds in China are traditionally stored in banks or used to purchase treasury bills with annual yields up to 2-3 percent, which were close to the so-called risk-free rate that is far below the market average and often depreciated due to inflation.
The LG G4 depreciated by 88% nine months after its release.
CFETS noted on Friday that the US dollar has depreciated substantially in recent months, causing both variables in the fixing formula to push the midpoint weaker.
"I'm pretty well depreciated.
Currency rates in some countries have depreciated remarkably over the past two years and airlines are offering more international routes at competitive prices.
The cost of living was high, the food supply low; taxes had become heavier and heavier; year after year the household belongings had depreciated more and more, and now at last there was nothing to look forward to but poverty and misery.