18.09.2015 - China’s Currency Devaluation And India – Analysis
China’s devaluation of the Yuan on August 11 has sent panic waves across global financial markets and brought back memories of the Asian financial crisis of 1998 when similar situations prevailed. The biggest fear was this adding to the uncertainty in global financial markets. Additionally, China’s manufacturing data released in August further dampened the sentiments, triggering a fear of certain collapse across global markets. Data released in September showed that factory output in China grew by 6.1 per cent from the year before. This is well below the forecasts of 6.4 per cent. Growth in fixed asset investment slowed to 10.9 per cent for the year to date. This is a 15-year low.......................................Full Article: Source
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