Financial markets speculate China may devalue the yuan to boost exports and stimulate its economy.
Financial markets speculate China may devalue the yuan in a big-bang move to support its economy. Supporters believe it would boost exports and allow the central bank to cut interest rates, while critics argue it could lead to capital outflows and destabilize the global currency market. This option, last used in 2015, is gaining attention as China seeks to stimulate its economy and gain investor confidence.
April 29, 2024
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