https://baomoi.com/neu-bi-my-trung-phat-thue-nhieu-nganh-hang-viet-xoa-so/c/31513417.epi

What is different in this slowdown is China’s floating currency. In prior periods, China’s strategy was demand stimulation. Now, quite a bit of the work can be done through depreciation of the renminbi. Exports have increased. Compare a strategy of insulating China through currency depreciation as opposed to demand stimulation: The former is somewhat destructive […]