China

China's Yuan Devaluation: What You Need To Know

China's Yuan Devaluation: What You Need To Know by Brad McMillan, Commonwealth Financial Network
Some mornings I wake up and wonder what I should blog about. Not today. Looking at my phone in bed to scan the headlines, I couldn’t believe the news—China had devalued its currency! This is a big deal in the financial world.
Why did China make this move?
The Chinese government is very smart and very rational. By devaluing its currency, in . . .

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