Experts are calling a sharp drop in the value of China’s money a devaluation. The yuan lost two percent of its value in one day. However, a weaker yuan means Chinese exports will be less cost for other countries, and Chinese exports dropped by eight percent in July compared to a year ago.
The American Heart Association and the People's Republic of China recently created a first-ever partnership that was years in the making. The benefit of this partnership might save lives in China, the U.S. and beyond. But is the main component of the agreement asking too much?
The Fund says the immediate effect of sanctions had been to remove between one and 1.5 percent off Russia’s GDP – the value of all its goods and services. It also predicted “weak” economic growth of around 1.5 percent a year over the next few years.