Bimco: Shipping stays clear of Chinese currency slash
It sounds dramatic with three devaluations in China in three days, but this will presumably have very little impact on shipping, notes Peter Sand, Chief Analyst at Bimco, in comments to ShippingWatch.
BY CHRISTIAN BARTELS
The Chinese government has performed three devaluations in a row of about 10 percent of the Chinese currency Yuan. This happens in the midst of growing concerns about whether the Chinese growth engine can keep up steam.
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