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No sign of hard landing for China

A one-off large depreciation of the yuan is preferable for China, though policymakers have opted for gradual weakening

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Intervention aimed at reducing the spread against the offshore yuan has seen trade weighted depreciation but this is unlikely to persist.

CHINA's equity and currency markets have exhibited a great deal of weakness since the start of 2016, and just as in August, global markets have suffered.

But should global investors be quite so concerned about China?

Beginning with the equity market, the first trading day of the