Looking inside ourselves and out at the world
Independent and neutral with regard to all political and religious orientations,® aims to promote awareness of the major democratic principles on which tolerance is based.

China's Tightly Controlled Currency Sees Surprise Devaluation

China's tightly controlled currency, the yuan, saw its biggest drop in two decades Tuesday. Chinese authorities say their devaluation of the currency will make it more market oriented, but analysts say the action also appears to be aimed at giving exporters more breathing room.   The 1.99 percent slide, just shy of its daily up or down limit of two percent, comes just days after China announced that exports had once again fallen, contracting in July more than eight percent from...

Read complete article
© Voice of America -

Follow us on ...
Facebook Twitter