This blog is maintained by Christopher Cruden, CEO of Insch Capital Management SA, Switzerland. It offers views and alternative insights on the foreign exchange market and other related topics. Thursday, August 13, 2015. China cannot risk the global chaos of currency devaluation. China has nothing to gain from triggering a deflation shock. Its economy is recovering as stimulus builds, creating 1. It is little wonder that the first whiff of this mercantilist threat .

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