Why China currency sudden fall

World Economic outlook - Why China currency sudden fall : China’s economy officially grew at an annual rate of 7 per cent during the first half of this year, neatly in line with the government’s full-year target. However, some doubt that figure — Capital Economics, for example, reckons it is 5-6 per cent — and there are widespread suggestions that further stimulus will be needed to prevent a slowdown. 

Yet an export revival would boost growth only marginally. Contrary to received wisdom, China has not pursued so-called “export-led growth” for the past decade. Net exports subtracted 3 per cent from annual growth in Chinese gross domestic product on average from 2004 to 2014. Meanwhile, investment contributed an average of 52 per cent of growth each year.

China's economy is still growing at a relatively fast pace

World Economic outlook - China's economy is still growing at a relatively fast pace :  Premier Li Keqiang said on Saturday that the key in well managing the current economic position is to keep the macro-economic policy stable and innovate regulatory approaches.

When talking with leaders of Beijig, Tianjin, Heibei and Shandong provinces, Li said China's economy is still growing at a relatively fast pace, also within a reasonable range, and the employment situation has been steady this year.