News Analysis The devaluation of China’s currency, the yuan, has plummeted to its lowest point this year due to failed government interventions amid the economic depression. More money issued by the Communist Party’s financial institutions will be used as a government hedge against the collapse of the banking and financial system, shifting the country’s debt…
ANALYSIS: China’s Economy Stuck in Deeper Crisis Due to More State Interventions
July 1, 2023
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Asia & Pacificbad debtsBank of ChinaBusiness & MarketsChina Business & EconomyChina NewsChinese Yuaneconomic policieseconomyrmbstock marketWorld
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