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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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