Counting the Cost - China's currency wars

In a move that has unsettled global financial markets, China has devalued its currency once again sparking fears of a global currency war. The Chinese central bank engineered a small devaluation of the yuan on Tuesday in a move analysts said would keep its products competitive with weaker exchange rates. But as it manipulates its currency to eke out an economic advantage for its exports, other countries are beginning to feel the pressure. And with commodity prices falling due to waning demand from China, emerging markets are being the hardest hit. Commodity exporters like Brazil, Indonesia and Malaysia have seen their currencies hit multi-year lows as the price of oil and raw materials slump. Sim Tshabalala, the co-CEO of Standard Bank, joins Counting the Cost to discuss the currency war and the economic fallout on nations like South Africa. Also on this episode of Counting the Cost: Show me the money: Nigeria and President Buhari's efforts to fight corruption; and, singapore at 50: What lies ahead? Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/

Comments

1. china exploiting africa...a nonsense relation with china because they will only take them for granted specially those corrupt african officials paying them with small amount while not realizing taking them more than they can earn from fraud china
2. IMF are all criminals
3. the fall of currency will bring appreciation of us dollar.this will enable them to carry out quantative easing asbthe value in the market does not shrink.commodity will.fall n rhis will have small effect on oil.the shrinking of production through off shore drilling is the best way to shut down the excess globally.
4. This reporter looks like he could be a great villain in the next bond movie. He could also have been molded out of clay.
5. more propaganda from aljazeera
   
   why aljazeera follow washington tone that china devalues currency to help exporter?
   
   when all economist say otherwise.
   
   such devaluation was done for different purpose
   
   china currency move  in line to market forces.
6. Man Nigerian people look like normal people not like the monkeys we got here in the U.S.
7. The IMF is currently deciding whether to make the Yuan a reserve currency, if it does, it represents the first real threat to the dollar since it peaked.
8. Yay! Another condescending report on African by sand niggers. Go figure!