China Trouble Will Have Big Effect

Document Type

News Article

Publication Date

8-26-2015

Publication Title

Savannah Morning News

Abstract

This column was published in Savannah Morning News.

The Chinese Central Bank recently relaxed state controls over the value of its currency, allowing market forces to play a greater role in determining its value. The yuan, also known as the renminbi, experienced a 2 percent devaluation on Aug. 11, the largest one-day depreciation of the Chinese currency since 1994.

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