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

Sunday, August 9, 2015
By Paul Martin

by Tyler Durden

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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