PBOC

Desperate Measures in China

Desperate Measures in China

2 mins. to read

The Chinese saga is only getting started, as the country surprises the markets with ever more desperate measures. After spending almost $150 billion trying to contain a stock market collapse and declaring short selling as “malicious”, China is now devaluing its currency by the most in 20 years, as exports dropped 8.3% in July. While…

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