Case For Yuan Devaluation Grows As Chinese Factory Prices Fall Most In Six Years

Sunday, August 9, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
08/09/2015

On Saturday, we got what we called a stark “reminder of just who is lying hunched over, comatose in the driver’s seat of global commerce” when China reported that exports fell 8.3% in July, far more than consensus and the most in four months. On Sunday, we got still more evidence of China‚Äôs economic malaise as producer prices plunged 5.4%, the largest Y/Y decline since 2009.

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