Reasons for Yuan Devaluation
October 03, 2016 at 13:00 PM EDT
The devaluation of the Chinese currency has been one of the most talked about issues among economists over the past year. Since 2015, China has pursued a monetary policy of aggressive easing, with the goal of weakening the yuan against international currencies like the U.S. dollar. This has had significant implications not just for China’s economy, but also for the U.S., the largest economy in the world.