Currency Wars heating up..

Expected in lieu of the internal problems and debt load.

“China cut interest rates for the third time in six months on Sunday in a bid to lower companies’ borrowing costs and stoke a sputtering economy that is headed for its worst year in a quarter of a century.”

http://www.reuters.com/article/2015/05/10/us-china-economy-rates-idUSKBN0NV0A320150510

For those people expecting any growth from China over the next 4 to 5 years are mistaken. Yes there will be high priced Government projects, but all manufacturing graphs point to a stagnant decking situation.

Edit: This action by China should have been expected when Vietnam fiddled with their currency last week.
Vietnam has benefited through China being pegged to the USD and Chinese minimum wage sets.
Both countries really think that their export markets will improve… They won’t.

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