The Telegraph: China denies currency war as global steel industry cries foul
Industries across the world are bracing for a deflationary shock as China devalues, but Beijing adamant there is no secret plan to drive down the yuan [Reposted from The Telegraph | Ambrose Evans-Pritchard | August 13, 2015] Chinese steelmakers are preparing to flood the global market with cut-price exports as they take advantage of this…