Is Too Fast Too Furious Turning into Too Risky Too Dubious?

... and maintain economic growth rates. For a long time, China’s economic strategy was to a great degree focused on expanding trade, stimulating exports and accumulating international reserves thanks to high export revenues. The devaluation of the yuan raises two important questions: Firstly, will the exchange rate formation mechanism once again become one of the main tools for maintaining high rates of economic growth, and can we expect a return to the undervalued yuan and a new wave of “currency ...