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China’S Stockmarket Crashes—Again
Views: 1518
Jan 04 2016 11:10 PM | eds in Economy & Politics
It is surely not the kind of start to 2016 that Chinese authorities,
. . . were hoping to see from their financial markets.
If the sell-off continues, it would not be surprising to see them wade in once again.
As for the yuan, the central bank has signaled that it is willing to see depreciation,
. . . at least against the dollar.
Its resolve may now be tested:
. . . sustained depreciation against the greenback is likely to fuel,
. . . yet more capital outflows, and
. . . deal another blow to economic confidence, which is already fragile.
1-3-2016 Source: China’s stockmarket crashes—again
. . . were hoping to see from their financial markets.
If the sell-off continues, it would not be surprising to see them wade in once again.
As for the yuan, the central bank has signaled that it is willing to see depreciation,
. . . at least against the dollar.
Its resolve may now be tested:
. . . sustained depreciation against the greenback is likely to fuel,
. . . yet more capital outflows, and
. . . deal another blow to economic confidence, which is already fragile.
1-3-2016 Source: China’s stockmarket crashes—again
