China is seeing a lack of global demand for its exports. Photo: AFP China is seeing a lack of global demand for its exports. Photo: AFP
China is seeing a lack of global demand for its exports. Photo: AFP
David Brown
Opinion

Opinion

Macroscope by David Brown

China's devaluation pointing to another world economic crisis

Beijing's currency move adds to signs of global downturn as euro zone stagnates, emerging markets tumble and commodity prices decline

China is seeing a lack of global demand for its exports. Photo: AFP China is seeing a lack of global demand for its exports. Photo: AFP
China is seeing a lack of global demand for its exports. Photo: AFP
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David Brown

David Brown

David Brown is the chief executive of New View Economics. Over a career spanning four decades in London, David held roles as chief economist in a number of international investment banks.