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Devaluation Hints at China’s Rising Distress Over Economy

New York Times Original article ›

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China's 3.5% devaluation of the renminbi currency (the yuan) on August 11-12, 2015

08/10/2015

Grouped Articles

What China’s surprise currency devaluation means for its economy and the world - The Washington Post

Washington Post 08/11/2015

China Devalues Its Currency as Worries Rise About Economic Slowdown

New York Times 08/10/2015

China Moves to Devalue Yuan

Wall Street Journal 08/11/2015

China Yuan Fall Won’t Ease Pressure on Economy

Wall Street Journal 08/11/2015

China’s credibility on the line as yuan slides again, global markets slump - The Washington Post

Washington Post 08/12/2015

China is trying to save its economy with a cheaper currency - The Washington Post

Washington Post 08/12/2015

The People's Bank of China's injection of $65 billion into China's banking system in Dec. 2014 and other moves in 2015 to spur bank lending

12/12/2014

China's central bank injects money into the banking system as banks are reluctant to lend and expected growth slows to below 7%. PBOC is also concerned about the excessive debt buildup as it guides the economy. PBOC lowered the reserve requirement by one half percentage point in Feb. 2015 to free up $81 billion for lending at banks, with other targeted moves for small business and agriculture.

Grouped Articles

China Adds Cash to Banking System to Spur Growth

Wall Street Journal 12/12/2014

China’s Central Bank Goes With the Flow

Wall Street Journal 02/05/2015

China Moves to Free Up Money in Its Economy

New York Times 02/04/2015

China Frees Up $200 Billion for Lending

New York Times 04/19/2015

China Cuts Rates to Halt a Slide in Its Economy

New York Times 05/10/2015

China’s Economy Not Immune to Market Sickness

Wall Street Journal 06/30/2015

China's economy in 2014-2016

09/16/2014

Grouped Articles

China's Moment of Truth: Financial Reform or Growth?

Wall Street Journal 09/16/2014

China's Economy Stumbles Into Stimulus

Wall Street Journal 09/16/2014

China's Central Bank Injects $81 Billion Into Top Banks to Counter Slowdown

Wall Street Journal 09/18/2014

Reform in China: The quiet revolution

Economist 04/18/2015

China’s True Growth Is a Mystery; Economists Weigh the Clues

Wall Street Journal 04/27/2015

Devaluation Hints at China’s Rising Distress Over Economy

New York Times 08/12/2015

China's stalling economy and productivity growth- the need for new direction in 2013-2015

03/06/2012

Bloomberg estimates show every one dollar of new credit created now yields about 17 cents in GDP growth as old polices of state led growth are no longer working. This compares to over 83 cents in 2007. Financial repression by reducing interest rates for savers is further depressing consumer spending when it is most needed to rebalance the economy towards domestic consumption.

Grouped Articles

China's Reform Moment

Wall Street Journal 07/01/2013

China Is Slow and Unbalanced

Wall Street Journal 07/15/2013

China Think Tank Offers Reform Wish List

Wall Street Journal 10/30/2013

China Forecasts 7.6% Economic Growth in 2013

Wall Street Journal 12/27/2013

Xi Faces Test Over China's Local Debt

Wall Street Journal 12/31/2013

Beijing Should Scrap the GDP Target

Wall Street Journal 01/08/2014

China's smaller, focussed and carefully balanced stimulus in April 2014

04/03/2014

With surging credit growth this stimulus is smaller, and being financed by the federal government which has more leeway than local governments burdened with debt. The carefully calibrated credit growth is seen as a smaller risk- as China's credit growth has reached bubble proportions- than letting the economy grow below about the 7% needed to create 10 million new jobs. The investments are focussed on railways in southern and western China to support new export based industries, and on low income housing for shantytowns. This gives a chance for poorer regions and poorer sections of the population to catchup as the focus shifts to reforms, and new emphasis on pollution and other indicators of better living conditions.

Grouped Articles

China Stimulus Puts New Focus on Growth Target

Wall Street Journal 04/03/2014

China's Moment of Truth: Financial Reform or Growth?

Wall Street Journal 09/16/2014

China's Economy Stumbles Into Stimulus

Wall Street Journal 09/16/2014

China's Central Bank Injects $81 Billion Into Top Banks to Counter Slowdown

Wall Street Journal 09/18/2014

Heard: China's Stimulus Has Short Legs

Wall Street Journal 09/18/2014

Chinese debt: The great hole of China

Economist 10/17/2014


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