Bulk

China shocks with new devaluation Wednesday

Uncertainties about the strength of the Chinese economy after a massive slide in exports is seen as the motive for the country's central bank's attempt to weaken the currency.
BY RITZAU

The central bank in Beijing has shocked the financial markets by performing another currency adjustment. On Wednesday, the bank for the second consecutive day performed a devaluation of the country's currency in relation to the US dollar.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs