Hockey says yuan falls good news

Original article by Lisa Murray, Jacob Greber, Tony Walker
The Australian Financial Review – Page: 1&8 : 14-Aug-15

Treasurer Joe Hockey is relaxed about the devaluation of the yuan, claiming it will assist China’s exporters, who are important buyers of Australian resources. Hockey has joined the International Monetary Fund and ratings agency Standard & Poor’s in supporting China’s more market-based foreign exchange policy.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, PEOPLE’S BANK OF CHINA, INTERNATIONAL MONETARY FUND, STANDARD AND POOR’S CORPORATION, CHINA. NATIONAL DEVELOPMENT AND REFORM COMMISSION, CHINA. MINISTRY OF FINANCE, RESERVE BANK OF AUSTRALIA

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