Abstract
This column was published in Savannah Morning News.
The Chinese Central Bank recently relaxed state controls over the value of its currency, allowing market forces to play a greater role in determining its value. The yuan, also known as the renminbi, experienced a 2 percent devaluation on Aug. 11, the largest one-day depreciation of the Chinese currency since 1994.
| Original language | American English |
|---|---|
| Journal | Savannah Morning News |
| State | Published - Aug 26 2015 |
Keywords
- China
DC Disciplines
- Asian Studies
- Finance and Financial Management