Chief economist update: Shanghai's drop is China's problem, the yuan's slide is everyone'sBY BENJAMIN ONG | THURSDAY, 28 JUN 2018 11:11AM
Those who still remember their history will recall that time in August 2015 when the People's Bank of China (PBOC) devalued the yuan from 6.21 to 6.40 per one yankee dollar.
Read more: US, America, Bank of China, Bloomberg, du, MSCI, People, Trump, U.S., Beijing, Fed, Japan, Overnight, Shanghai Composite, Spurs Worry Over Impact, Thursday, Treasury Department, Virginia, Washington, Yuan Tumble Blindsides Traders
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