Chinese yuan (Teh Eng Koon / AFP / Getty)

China Devalues Yuan as Stocks Crash

With China devaluing its currency, stocks crashing 3 percent and capital flight accelerating, China has cut bank its bank reserve requirements to free up $100 billion in credit.


China, in Freefall, Devalues Its Currency the Yuan Again

The People’s Bank of China (PBoC) weakened the yuan against the dollar for a third consecutive day on Thursday, following reports the central bank intervened to stem the currency’s sharp slide late on Wednesday.


Barclays Bank Says China Capital Flight Twice as Big as Russia’s

Barclay’s Bank estimates that despite a hot stock market, the China suffered $300 billion in capital flight and is facing its first foreign exchange liquidity crisis since 2000. The news follows a report that China’s GDP is experiencing negative growth in real terms, thanks to collapsing domestic demand.