The state of China's economy
- 9 years ago
Front Page
The state of China's economy
Beijing's sudden three-day devaluation of the yuan last week sparked panic in the global markets and has raised further concerns about the state of China's economic growth. Now poised to post the lowest rate of expansion in 25 years, many are trying to understand whether the devalued yuan is meant to boost export competitiveness, or if China is correcting its growth model and adopting more market mechanisms.
The state of China's economy
Beijing's sudden three-day devaluation of the yuan last week sparked panic in the global markets and has raised further concerns about the state of China's economic growth. Now poised to post the lowest rate of expansion in 25 years, many are trying to understand whether the devalued yuan is meant to boost export competitiveness, or if China is correcting its growth model and adopting more market mechanisms.