queermunist she/her@lemmy.mltoFinance@beehaw.org•China: Yuan hits 16-month low against the US dollar as concerns mount about economy, benchmark stock index fell in biggest drop in more than two years
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3 days agoWait, I thought China was dealing with deflation? You mean to tell me their currency is devaluing and the CPI is coming down?
That seems… really good? How is this concerning?
A lot of financial news is paywalled. Sorry. Here’s President Xi talking about it in December