Chinese devaluation

14.08.2015
The Chinese economy has in recent years been exposed to a weakening, which the authorities have not been able to stop in a satisfactory manner. According to Bloomberg’s monthly GDP tracker,
China's growth is now down to approximately 6.63% on a yearly basis.

If on the other hand, we use as the basis for comparison the so-called Li Ke Qiang Index (which consists of 40% of the growth rate in lending, 40% of the rate of growth in electricity production and 20% in cargo freight) growth may have been about halved.

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