Chinese Yuan: The Latest Sign We’re Nearing a China Economic Collapse
Weak Chinese Yuan Is a Bad Sign
The People’s Bank of China made a desperate move last Wednesday by forcing the Chinese yuan to a five-year low against the U.S. dollar. It was basically an admission that China’s economic collapse is just around the corner. (Source: “China Fixes Yuan at Five-Year Low Against Dollar,” The Wall Street Journal, May 25, 2016.)
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