There are a bunch of reasons why China decided to devalue the yuan, ranging from falling exports to an ailing property market... The most worrying, though, is probably a destructive change happening in the country's labor market. China's labor market had been tight for a while as citizens in rural areas moved to cities to find work, and many aged out of the job market. That pushed the ratio of job offers to seekers upward from 2010 through the end of 2014. That indicated that China's economy was...
There are a bunch of reasons why China decided to devalue the yuan, ranging from falling exports to an ailing property market... The most worrying, though, is probably a destructive change happening in the country's labor market. China's labor market had been tight for a while as citizens in rural areas moved to cities to find work, and many aged out of the job market. That pushed the ratio of job offers to seekers upward from 2010 through the end of 2014. That indicated that China's economy was...
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