Prepare for a stormy summer for China's economy

A sliding currency, weakening stockmarket and the threat of a trade war with the US spell trouble for China's economy.

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Clouds are gathering over China
(Image credit: zhaojiankang)

China's currency, the renminbi, or yuan, has slipped by more than 8% since late March, and its slide appears to be gathering speed. Last Friday the currency slipped by 0.9% against the dollar, the biggest daily fall in two years. It is now at a one-year low against the greenback.

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Marina Gerner is an award-winning journalist and columnist who has written for the Financial Times, the Times Literary Supplement, the Economist, The Guardian and Standpoint magazine in the UK; the New York Observer in the US; and die Bild and Frankfurter Rundschau in Germany.

Marina is also an adjunct professor at the NYU Stern School of Business at their London campus, and has a PhD from the London School of Economics.

Her first book, The Vagina Business, deals with the potential of “femtech” to transform women’s lives, and will be published by Icon Books in September 2024.

Marina is trilingual and lives in London.