Chinese Yuan devaluation- I think has been anticipated for years. They couldn’t afford do it until now because they needed behave as Strong , and also have their people be able afford things also .
They are trying stem the mass exodus of Chinese private funds out of the country also - a lot has come into Australia to buy and hold assets and homes here , and eg. Canada , elsewhere around the world .
Interesting times .
There has always been worry and fear in the economic world . It has never been easy . Much as appears so in rear view mirror . Hope you have a nice day
Out of favour sector, page-94
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