Chinese exports crash 25%, Yuan devaluation in focus

Via zerohedge.com

[Editors Note: yet more strengthening in the Bitcoin fundamentals as Chinese currency devaluation escalates which could lead to increasing Bitcoin and precious metal inflows]

  • “Things are not getting better in China as Exports crashed 25.4% YoY (the 3rd largest drop in history), almost double the 14.5% expectation and Imports tumbled 13.8%, the 16th month of YoY decline – the longest ever”
  • “As a reminder, China’s policy response has already been announced. The National People’s Congress set a target for 13% growth in money supply in 2016, up from 12% in 2015, and a 3% of GDP fiscal deficit, up from 2.3%. In other words: more lending and more public spending to provide a boost to demand.”

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