“Surprise yuan devaluation,” no surprise to Trends Journal; New “surprise” coming.

Posted 8/12/15

Following China’s yuan devaluation, headlines around the world screamed “surprise.” China’s Global Times wrote, “The People’s Bank of China surprisingly devalued the Chinese yuan by nearly 2 percent against the US dollar on Tuesday.” “FOREX-Yuan in biggest fall since 1994 after surprise devaluation,” Reuters. “Dow Jones Industrial Average Plunges 200 Points After China's Surprise Yuan Devaluation,” International Business Times.

“Surprise?” Not to the Trends Research Institute.

On Friday, July 24, China’s State Council telegraphed the …

This item is available in full to subscribers. Please log in or subscribe to continue reading.

Please log in to continue

E-mail
Password
Log in