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China Devaluing Itself Out Of Trouble

December 11th, 2016 · No Comments

  • The Chinese economy is faced with a very tricky adjustment problem.
  • We think the path of least resistance is a yuan depreciation.
  • This has been ongoing for quite some time already, markets panicked only when it seemed to accelerate.
  • While this is still very much possible, for now the PBoC has things seemingly under control.
  • But when this continues, markets might very well start to worry even when the depreciation is gradual and orderly.

China Devaluing Itself Out Of Trouble

Tags: China