When all else fails, weaken the currency.
Chinese policy-makers have undertaken numerous innovative measures to stimulate the economy and stock market recently, but today it went old school: the central bank weakened the daily fix by its most on record.
Each day at 9:15am local time the People's Bank of China fixes the currency at a certain point, allowing investors to trade the currency within a 2 per cent band of the mid-point each day.
您已閱讀39%(440字),剩餘61%(688字)包含更多重要資訊,訂閱以繼續探索完整內容,並享受更多專屬服務。