Article H3GY Chinese yuan: everything depends on what happens next

Chinese yuan: everything depends on what happens next

by
Nils Pratley
from Economics | The Guardian on (#H3GY)

People's Bank of China described move as a 'one-off' but if Beijing seeks to boost imports through devaluation, it will be a painful process

China's weakening of the yuan by 1.9% is an event that, in a year's time, will be seen either as an irrelevance or a major turning point for the global economy. Everything depends on what happens next. If the tweak heralds the start of a proper devaluation to boost exports, the world economy will have to adjust to a new China. The process would be painful.

Related: China devalues yuan by 2% to boost flagging economy

Related: Why has China devalued its currency now and what impact will it have?

Continue reading...

rc.img

rc.img

rc.img

a2.img
ach.imga2t.imga2t2.imgmf.gif
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title Economics | The Guardian
Feed Link https://www.theguardian.com/business/economics
Feed Copyright Guardian News & Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments