China has unwrapped its boldest set of economic and social reforms in nearly three decades. We spoke to DW China Department head Matthias von Hein and New York correspondent Jens Korte about the measures.
The People's Bank of China has set the country's currency to its lowest level since February 2011, following remarks by the US central bank chief that an interest rate hike may be imminent in the coming months.
US Fed chairwoman Janet Yellen is sensing "considerable uncertainty" with regard to the American economy and warns of "significant repercussions" if Britain votes to break with the European Union.
The International Monetary Fund (IMF) has urged China to implement reforms more speedily as it faces growing vulnerabilities amid dwindling resources to cope with internal and external shocks.
China's manufacturing activity has shrunk for the seventh straight month, with companies shedding workers at an ever-faster pace. Beijing is now even planning to lay off millions of workers in its "zombie enterprises."
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