Eight reasons why China's currency crisis matters to us all

The Chinese leadership's devaluation of the yuan delivered a temporary shock to financial markets, but its longer-term effects may be felt around the globe After China unexpectedly devalued its currency last week, one City economist shrugged despairingly and said: "It's August." While it's meant to be a time for heading for the beach or kicking back in the sunshine with the kids, August has often witnessed the first cracks that presaged what later became profound shifts in the tectonic plates of...