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Devaluation becoming inevitable for falling yuan

Confusion over U.S.-China relations makes outlook even more chaotic

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  © Reuters

TOKYO -- Henry Paulson, U.S. secretary of the treasury under President George W. Bush, frequently mentions Wang Qishan, China's anti-corruption czar and a close aide to President Xi Jinping, in his memoir.

Wang, who currently serves as secretary of the Central Commission for Discipline Inspection, was vice premier in charge of finance and commercial affairs when the Lehman shock hit in 2008.

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