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Rickards Warns "Prepare For A Chinese Maxi-Devaluation" - Zerohedge

"China’s economy is not just about providing jobs, goods and services. It is about regime survival for a Chinese Communist Party that faces an existential crisis if it fails to deliver. The overriding imperative of the Chinese leadership is to avoid societal unrest."
 "Essentially, China is on the horns of a dilemma with no good way out. On the one hand, China has driven growth for the past eight years with excessive credit, wasted infrastructure investment and Ponzi schemes."
Source:  Rickards Warns "Prepare For A Chinese Maxi-Devaluation" - Zerohedge

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