China's Currency But Emerging-Market Peers' Problem: New Yuan

  • `All now depends on what happens at 9:15 a.m.' daily in China
  • Others lack bandwidth China has to respond to growth concerns

In an echo of the Nixon administration’s missive when a depreciating U.S. currency was roiling its trading partners, the yuan may be China’s currency but it’s increasingly the problem of others -- and especially its emerging-market peers.

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