The China Bubble
It’s probably bursting, one way or another. And the world hasn’t figured out what to do about it.
What’s Behind China’s Devaluation?
China’s renminbi devaluation is huge economic news, and according to a keen bit of analysis it also tells us something important about how bad the real Chinese economic figures, as opposed to the inflated official ones, are looking right now.
China’s Sly Devaluation
China has made a savvy but risky play by abruptly devaluing its currency at a moment when it needs to boost exports while claiming success at moving away from an export-driven growth model.
Rattled Investors Tank Chinese Markets
Despite aggressive intervention from Beijing, Chinese markets opened to a broad sell-off, with 1,500 stocks falling by the maximum daily amount of 10 percent.
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