Johor monitors impact from China clampdown on fund movement

Opening day: Tee (left) with guests at the opening of the interior decor outlet in Danga Bay, Johor Baru.

JOHOR BARU: Johor is closely monitoring any impact from China’s latest move to tighten its grip on funds moving out of the country after the yuan declined to more than eight-year lows.

State Tourism, Trade and Consumerism committee chairman Datuk Tee Siew Kiong said it was still too early to see whether Johor would be affected by the Chinese government’s policy implementation.