China Smashed Expectations for the Economy, But that Hasn’t Stopped the Yuan’s Correction

An extensive package of statistics from China showed a much better economy than the average analysts had expected. But this set of economic surprises failed to affect the renminbi, which is falling for a second day, having lost 1.4% in the meantime. China’s economy grew by 3% last year (2.7% was expected). GDP was virtually […]

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