Barron's:How the debate has shifted from `whether' to `when' China will devalue its currency
A Weekly Digest of The World's Financial Press
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.THE SPECULATION has been fuelled by reports that Beijing has formed a special team to study the impact of a possible devaluation of the yuan, and a warning by China's top foreign-trade official that the nation's exports face a `very tough, very difficult' year. Capital flight puts further pressure on the yuan. Last summer, we didn't anticipate the magnitude and rapidity of China's economic slide, underscored by skyrocketing unemployment, increasing bankruptcies of state enterprises and banks, and rising violence in economically ravaged rural areas.
- Neil A Martin
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments