China Devalues Its Currency

By: Francis Cianfrocca (Diary)  |  December 1st at 06:35 AM  | 

It seems to me that focus has shifted away from China’s economic and financial doings during the acute financial crisis that began last September. The story in China for most of this year and last year has been extremely high inflation (particularly in prices for staple foods), and vigorous measures by the country’s banking and monetary authorities to reduce the formation of credit. Up till | Read More »