09.10.2014 - Will China Spark a Currency War?
Is China about to devalue? The question seems to pop up everywhere I go -- most recently in Frankfurt, Sydney and New York. Economists here in Tokyo, too, are buzzing about the chances of a big decline in the yuan in the next few months. A new report from Lombard Street Research explains why all these folks may have reason for concern. According to London-based Charles Dumas, China's slowdown will soon drag down gross domestic product growth below 5 percent (whether Beijing admits it or not). Dumas joins long-time Asia investor Marc Faber in thinking China will find itself in the 4 percent range by year end...............................................Full Article: Source
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