Friday, August 14, 2015

From bananas to phones: How cheaper yuan could reverberate

FILE - In this Tuesday, Aug. 11, 2015 file photo, a bank clerk counts Chinese currency notes at a bank outlet in Huaibei in central China's Anhui province. China’s unexpected move this week to lower the value of its tightly-leashed currency, the yuan, sent shockwaves through global financial markets. The impact on consumers around the world and China’s neighbors will take longer to play out but possible winners and losers are already emerging. (Chinatopix via AP, File) CHINA OUTHONG KONG (AP) — China's unexpected move this week to lower the value of its tightly-leashed currency, the yuan, sent shockwaves through global financial markets. The impact on consumers around the world and China's neighbors will take longer to play out but possible winners and losers are already emerging.


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