China currency devaluation causes global ripple

Global Business

China currency devaluation causes global ripple

Global markets rebounded Thursday after solid falls following China’s sudden move this week to devalue its currency.

Emerging market currencies also regained some losses after China’s Central Bank reassured the markets that it would keep the Yuan stable.

As CCTV’s Sumitra Nydoo reports, there could be some long-term consequences for countries that trade with China.

China currency devaluation causes global ripple

China currency devaluation causes global ripple

Global markets rebounded Thursday after solid falls following China's sudden move this week to devalue its currency.As CCTV's Sumitra Nydoo reports, there could be some long-term consequences for countries that trade with China.