-
Title:
-
China crisis and the world
-
Author:
-
Elfren S. Cruz
-
Source:
-
The Philippine Star
-
Date:
-
January 14, 2016
-
Description:
- Last week, China’s stock market actually crashed twice. In that period, an estimated $1.1 trillion in wealth was lost. The Chinese currency also depreciated two percent in one week. It is reported that China had to spend around half a trillion dollars to stabilize its currency.
