Why China is devaluing the yuan: a market expert explains – video
by Guardian Staff from Economics | The Guardian on (#H6AQ)
Ben Cavender, principal at China Market Research Group, analyses why China chose to devalue the yuan for a second day running. Stocks and currencies fell sharply across the region as investors expressed their concerns over a possible currency war and faltering economy. Cavender says the move is intended to strengthen exports and make Chinese good more competitive
Read: China stuns financial markets by devaluing yuan for second day running
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