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Devaluation Hints at China’s Rising Distress Over Economy – New York Times

August 12th, 2015 | by admin
Devaluation Hints at China’s Rising Distress Over Economy – New York Times
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New York Times
Devaluation Hints at China's Rising Distress Over Economy
New York Times
HONG KONG — Whenever China's economy swooned in recent downturns, its currency never buckled. It held steady, or strengthened, even as China's neighbors or trading partners scrambled to cut the value of their own currencies to deal with the fallout.
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