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organisation > Chinese Academy of Sciences Institute of World Economics and Politics
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What's behind the sudden depreciation in China's currency?
China's economy seems to be steadily growing; in reality it is extremely vulnerable to the devaluation of the dollar.
Economic hardships face China in the near future, but their past record of success seems to espouse promising results.
As China's currency becomes more popular internationally, the country will have less need to hold US dollar assets.
The largest investor in US debt should have exited from US securities long ago to avoid serious financial backlash.
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