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Will China’s currency crash the global economy?

As much as $1 trillion has left the country—and the pressure is mounting

By George Magnus  

A currency trader gestures at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, August 2015. ©Ahn Young-joon/PA

It has fallen about 1 per cent since the beginning of the year, it’s about 2 per cent lower than after a wobble last summer and about 5.5 per cent lower compared with the weeks before that. Most people wouldn’t blink if this was anything but the Chinese currency.…

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