The devaluation of the renminbi appeared to be a response to signs that the economy was slowing too fast for comfort and could raise tension with trading partners like the United States.
China Lowers Value of Its Currency as Economic Slowdown Raises Concerns
The New York Times - 11 Aug 2015 06:01
The devaluation of the renminbi appeared to be a response to signs that the economy was slowing too fast for comfort and could raise tension with trading partners like the United States.
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