The offshore yuan fell to a fresh record low after the People’s Bank of China loosened its grip on the tightly controlled fixing by setting the rate at the weakest level in 14 years. Stephen Chiu discusses the move on Bloomberg Television. -------- Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com/ Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/