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The New China Syndrome

Competitive devaluations are in the offing in what is emerging as a monetary race to the bottom.

Vehicles and trucks for export at a port at Yantai in eastern China's Shandong province, January 2, 2025.
Vehicles and trucks for export at a port at Yantai in eastern China's Shandong province, January 2, 2025. Chinatopix via AP

The New China Syndrome | The New York Sun