Currency adjustment will make China’s leather exports more valuable
11/08/2015
China’s central government weakened the country’s currency, the renminbi, by 2% on August 11 in a move that the Financial Times described as “its most significant devaluation since the mid-1990s”. According to the FT, the Chinese government made the move in an attempt to “battle a slowing economy” and combat “an unexpectedly large fall in China’s ...
Share this story:
