China wants a slice

[PurpleGorilla]

Does it mean you get another new iPhone cheaper then?

You must be joking - more profits for Apple more like (because they are so short of cash).

[DimPrawn]

Third straight day of cutting currency rate...

China devalues yuan for third straight day, adding to fears of currency war | Business | The Guardian

I'm loving this tulip...

Does it mean you get another new iPhone cheaper then?

[PurpleGorilla]

Third straight day of cutting currency rate...

http://www.theguardian.com/world/201...MCNEWEML6619I2

I'm loving this tulip...

[AtW]

The faltering dragon...

China devalues yuan after poor economic data

"The central bank set its official guidance rate down nearly 2 percent to 6.2298 yuan per dollar - its lowest point in almost three years - in what it said was a change in methodology to make it more responsive to market forces."

[EternalOptimist]

When China devalued, the Rand took a big hit. We are off there next month and at this rate I will be able to afford to buy the place

[stek]

I thought China was entering a process of de-dollarisation and aligned with the Rouble, a mistake surely since that's dropped on it's arse again - 100₽ to £1........

[PurpleGorilla]

Which means more lurverly house price inflation. BTL millionaires on every street.

Most of them are Russian and Chinese!

[BrilloPad]

The world is about to hit a recession by the looks of it.

And there is nothing that anyone can do to fix it given that interest rates can't be lowered further..

We should devalue our currency even more. That will teach them.

[DimPrawn]

If China is exporting deflation that makes an interest rate rise in the foreseeable future even more vanishingly unlikely.

Which means more lurverly house price inflation. BTL millionaires on every street.

[OwlHoot]

If China is exporting deflation that makes an interest rate rise in the foreseeable future even more vanishingly unlikely.

[PurpleGorilla]

We should all sell our houses to each other again. That will fix the UK economy. The rest of the World matters not one jot.

BTL will fix the world. Go boomers, yay!

[DimPrawn]

We should all sell our houses to each other again. That will fix the UK economy. The rest of the World matters not one jot.

[eek]

The world is about to hit a recession by the looks of it.

And there is nothing that anyone can do to fix it given that interest rates can't be lowered further..

[PurpleGorilla]

The faltering dragon...

China devalues yuan after poor economic data