| Tales of woe are everywhere so far this year, but here's something to take off the worry list: talk of a major devaluation in the yuan is way over the top and although credit risks are rising in China there's no crisis on the horizon.
Financial markets have been consumed by a further fall in the yuan, the growing possibility of a major slowdown in China that has been fuelled by concerns over debt levels and talk Chinese banks could lose as much as $US3.5 trillion. And those fears are not without good reason...............................................Full Article: Source
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