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THE BOTTOM LINE

An optimistic way to look at China's devaluation

Thursday, August 13, 2015 - 05:50

CHINA'S surprise devaluation of its currency over the past two days is sure to stir up fear and loathing among the world's economic populists. (Keep your eyes on Donald Trump's Twitter account.) But the move deserves praise, not condemnation. It might even prove a boon for world growth.