Taylor China Weekly February 28, 2014

This week, it’s all about the renminbi. Some say, Beijing has instigated the steepest fall in the value of its currency since the devaluation of 1994, when the export boom began. The main reason being to slow down the strengthening of the currency, which has hit a record high, and this could result in reducing China’s competitive position in the export market vis-à-vis other developing economies. However, the central
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