Lifting China's mask

There’s a worrying story behind the latest economic data out of China, and it suggests a correction is inevitable.

PORTFOLIO POINT: There’s a saying in China that "all warfare is based on deception", but if you peer behind the mask, Beijing is in far less control than it would like to appear right now.

"China's weekend reform of its currency regime nails shut the coffin on the last remains of doubt about whether the world's second biggest economy has successfully steered a course past a hard economic landing."

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