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China Depreciation: Trouble for the Global Economy?

China Depreciation: Trouble for the Global Economy?

Philip Bowring's avatar
Philip Bowring
Aug 16, 2015
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Asia Sentinel
Asia Sentinel
China Depreciation: Trouble for the Global Economy?
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The shock waves created by China’s small devaluation of its currency were unsurprising given the long-held belief that Beijing would keep the renminbi stable in preparation for being included in the IMF’s nominal currency, the SDR. But it is now one more uncertainty hanging over the global economy.

Only the IMF itself and the US Treasury seemed to treat …

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