China ' s struggling economy: Growing debt woes and market disillusionment

I tend to think the only thing that matters in global markets right now is the latest candle in USD/CNH. We got a report today that China told banks to escalate yuan intervention and the market is taking that as a sign that a further significant devaluation (like in 2015) is off the table. At the…#zhongzhi #pboc #icoming #q3 #xijinping #treasury

Source: Reuters: Health - August 17, 2023 Category: Consumer Health News Source Type: news