Sunday, December 07, 2008

Chinese economy: 1930s beggar-thy-neighbour fears as China devalues - Telegraph: "China has begun to devalue the yuan for the first time in over a decade, raising fears that it will set off a 1930s-style race to the bottom and tip the global economy into an even deeper slump."
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What next? Godzilla wades ashore in Tokyo Bay?

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