Women have long been underrepresented in the corridors of power but this will change and change fast in 2018 as more and more females get to lead the world’s biggest companies. The revolution will be sparked not by a desire to right an historical wrong but rather, by an incontestable economic imperative.
Article / 10 December 2014 at 9:06 GMT

La Chine dévalue le yuan de 20%

Head of FX Strategy / Saxo Bank
Alors que la bulle chinoise de l’immobilier domestique et du crédit se corrige, si elle n’implose pas, la Chine va chercher par tous les moyens à atténuer les énormes pressions déflationnistes qui caractérisent la phase descendante du cycle de crédit.
Facteur aggravant conduisant la Chine à agir : trois années consécutives de baisse des prix à la production en raison de surcapacités massives.

Dans cet environnement, un yuan chinois au plus haut historique (en données ajustées de l’inflation) n’a aucun sens, surtout à la lumière de la situation simultanée du voisin japonais, dont le taux de change est au plus bas (toujours en données ajustées de l’inflation à mi-novembre).

En 2015, donc, la Chine va agir rapidement et de manière appuyée pour dévaluer sa devise dans le courant de l’année, rejoignant le Japon et d’autres pays dans le combat mondial pour importer de l’inflation.

Cela met en route une chaîne de dévaluations en Asie et le risque de sanctions économiques et financières avec le Japon.
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