The Great China Currency Collapse

The rapidly falling yuan means even more hardship as Beijing struggles to maintain the illusion of mastery over the economy

A Chinese yuan currency sign with two arrows is pictured outside a bank branch of the People’s Bank of China in Shanghai on Aug. 13, 2015. Johannes Eisele/AFP via Getty Images

Commentary

China’s collapsing currency is the latest in a series of economic decline symptoms that the Chinese Communist Party (CCP) leadership is scrambling to resolve, but so far, with little success.