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

Chinese economic turmoil Chinese Economic Turmoil On August 11–13, 2015, the People's Bank of China devalued the national currency by 3.5 per cent in a logical move that nevertheless came as an unexpected and unpleasant surprise to market participants [1] . The devaluation can be seen as a signal that China is changing its strategy for the country’s economic growth and its position on the global markets and within the world financial system. A Return to an Export-Oriented Economy?...