Rabobank on devaluation of Yuan

The more China devalues, they send the message that they would be exporting more, said Michael Every, head of financial markets research for Asia-Pacific at Rabobank. “Effectively, China is exporting deflation to the rest of the world which is already struggling with deflation.”

Watch more videos: http://profit.ndtv.com/videos?yt

Download the NDTV news app:

https://play.google.com/store/apps/details?id=com.july.ndtv&referrer=utm_source%3Dyoutubecards%26utm_medium%3Dcpc%26utm_campaign%3Dyoutube