China Devalues Yuan a 2nd time yesterday and today

[arista]

http://media.skynews.com/media/images/generated/2015/8/11/411273/default/v1/2015-08-11t111356z-842058166-gf20000019826-rtrmadp-3-china-markets-yuan-1-736x414.jpg
You Better start counting faster , love


[China has devalued its tightly-controlled currency - sending the yuan
to its lowest point against the US dollar in almost three years.
The surprise decision by the country's central bank
follows a trade slump, with exports in July 8.3% lower than a year earlier.]


http://news.sky.com/story/1533864/china-devalues-yuan-to-kickstart-economy


Supply and no demand problems




Will this effect anyone in Manchester England
Yes in the long run.


Sign Of The Times

[lostalex]

commie bastards. :fist:

[user104658]

It's inevitable really. The Chinese economy has skyrocketed in a couple of decades based largely on exporting to possession-hungry Western consumers. Austerity measures in the West are based around encouraging people to "live with less". The effect of that on other countries exports is pretty obvious.

[arista]

It's inevitable really. The Chinese economy has skyrocketed in a couple of decades based largely on exporting to possession-hungry Western consumers. Austerity measures in the West are based around encouraging people to "live with less". The effect of that on other countries exports is pretty obvious.


But Good News for America
as China Products are now cheaper
due to exchange rates


Ref: Bloomberg, CNBC , FoxBusinessNews.

[arista]

Loads of African Nations
are tangled in the China Money Yuan


Ref: BBC4HD World News