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China devalues yuan by 2% to boost flagging economy

The Guardian - 11 Aug 2015 06:30
China devalues yuan by 2% to boost flagging economy China has moved after recent data showed slumping exports and a shrinking manufacturing sector, but the devaluation could deepen global currency wars China has devalued its currency to boost flagging exports in a move that risks deepening the global currency war. Related: Global stock markets boosted amid speculation China may devalue
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