China and Asian markets begin to react to new Yuan daily rate-fix policy

Friday, August 14th 2015 - 09:58 UTC

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Chinese shares rose on Friday as the central bank set the reference rate for the Yuan slightly stronger. The bank set the rate at 6.3975 per dollar compared to Thursday's close of 6.3982. Read full article

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ChrisR
All it means is that China can sell its crap cheaper which means more junk in the market and less resources left on the planet.

Roll on the Chinese implosion. The EXPLOSION (in the docks) gutted more than 1,000 Chinese made crap cars. So at least that bit was a result.
Aug 14th, 2015 - 06:09 pm - Link - Report abuse 0
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