Yuan's devaluation a stabilizing move
China Daily | Updated: 2015-08-13 07:52
THE DEVALUATION OF THE YUAN for the second consecutive day has attracted global attention, as the central parity rate of the yuan was reduced by 1.6 percent to 6.3306 against the US dollar on Wednesday, according to the China Foreign Exchange Trading System. Comments:
The monetary market is a complex mechanism that requires international coordination, China's monetary authority should be given a little more time.
Huanqiu.com, Aug 12
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