Companies affected are reporting losses totaling hundreds of millions of dollars.

PBOC wont endanger governments goal of keeping growth above 6.5%, economists say/

PBOC wont endanger governments goal of keeping growth above 6.5%, economists say/

A change would smooth FX volatility and reduce the role of markets.

A change would smooth FX volatility and reduce the role of markets.

Moody's move may mean Chinese companies borrow more from domestic banks.

Moody's move may mean Chinese companies borrow more from domestic banks.

Rating agency cites level of debt and burden it places on nations finances.