Will China Central Bank’s Debt Bomb Blow Up the Yuan?

Will China Central Bank’s Debt Bomb Blow Up the Yuan?
A woman counts Chinese yuan bills worth thousands of dollars in Vancouver, Canada, on Oct. 27, 2015. Benjamin Chasteen/The Epoch Times
James Gorrie
Updated:
Commentary

On Aug. 5, the U.S. Treasury declared China a currency manipulator for allowing its currency, the yuan or renminbi, to fall below the 7:1 value exchange against the U.S. dollar.

James Gorrie
James Gorrie
Author
James R. Gorrie is the author of “The China Crisis” (Wiley, 2013) and writes on his blog, TheBananaRepublican.com. He is based in Southern California.
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