(Bloomberg Business) -- China is the central focus of a global market rout that has left the Dow with its worst four-session performance since November 2008.
The surprise decision to devalue the Chinese yuan earlier this month served as a signal that perhaps markets were overly complacent about the condition of the world's second-largest economy. And in response to the slumping stock market and deterioration in domestic liquidity conditions, the People's Bank of China recently announced cuts to two of its policy rates and lowered the reserve requirement ratio.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access