Why Did China Devalue Its Currency? Two Big Reasons

The nation wanted to keep its economy on an even keel, but it is also looking to assert more leadership in the global economy.

Sourced through Scoop.it from: www.nytimes.com

Currency manipulations…A reflection of the conflicts between competing goals.. affects EVERYONE.  Trying to avoid fluctuations generally simply masks problems which are often magnified when "controls" can no longer mask the underlying problem(s).

See on Scoop.itEconomicFactors

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s