Avatar - H. Albert Mayorga
H. Albert Mayorgaadded this to Arc
Yuan devaluation breaks last line of global economic defence, warns top economist

Yuan devaluation breaks last line of global economic defence, warns top economist

The Telegraph - By Peter Spence, Economics Correspondent

Stephen King of HSBC warns the world's financial system may not survive another crisis without China as a backstop China’s devaluation of the yuan reveals that the global economy will be without stabilisers if another crisis strikes, economists have warned. The decision to cut the yuan’s value showed …

View on telegraph.co.uk