Wednesday, August 12, 2015

Devaluation Hints at China’s Rising Distress Over Economy - The New York Times

Devaluation Hints at China’s Rising Distress Over Economy - The New York Times:



"HONG KONG — Whenever China’s economy swooned in recent downturns, its currency never buckled. It held steady, or strengthened, even as China’s neighbors or trading partners scrambled to cut the value of their own currencies to deal with the fallout."



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