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A Cheaper Currency Can’t Rescue the Chinese Economy
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A Cheaper Currency Can’t Rescue the Chinese Economy

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Asia Sentinel
Aug 11, 2016
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A Cheaper Currency Can’t Rescue the Chinese Economy
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The latest figures show that China is putting paid to the simplistic story that a cheaper currency on its own boosts exports. Don’t be fooled. The performance of the Chinese economy over the past year is a demonstration of the truth of that.

Since Aug. 11, 2015, when the People’s Bank of China, the central bank, abruptly depreciated the renminbi by 1.9 p…

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