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Is China joining the currency war?

Devaluation is not in its interest; the yuan's fall has resulted from market forces and Beijing targeting the trade-weighted exchange rate.

Chi Lo

Published Wed, Feb 08, 2017 · 5:50 am
Devaluation could backfire on China, the world's second largest economy that runs one of the world's largest trade surpluses, and it reduces real household disposable income and hence consumption.

China

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