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Category slow economy

China found a $125 billion escape valve for an economy running out of momentum

China found a $125 billion escape valve for an economy running out of momentum

China’s June trade numbers and second-quarter growth numbers looked strong if you look at them one at a time. However, when you put them together, ...
China’s central bank acts to stabilize yuan amidst a 16-year low

China’s central bank acts to stabilize yuan amidst a 16-year low

On Monday, China’s central bank, the People’s Bank of China (PBOC), intervened to pull the yuan away from its 16-year low against the dollar. The P...