Is China Using the Yuan to Fund a Currency War?

August 12 -- China’s yuan led the biggest two-day selloff in Asian currencies since 1997, fuelling concern that financial-market volatility will curb global economic growth and a possible "currency war" if other countries devalue exchange rates to stay competitive in global export markets. --Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.

Comments

1. the dragons are awake! Nothing can stop china.
   
   what China government want is what they will get.
2. shit! the CIA didn't tell you the plans that started long ago!??? oh! that's right they use it at there discretion yet care less about the effect on the economics!
3. Again Asia better get its shit together real fast. Japan and China are already in a full blown arms race. China is trying to destabilize the little countries like Vietnam. Soon there will be a proxy war, then an actual war. China will use anything at there disposal to  increase there expansion efforts. I give it 5 years.
4. Global terrorism?