China s currency recently fell to its weakest level since November last year, sparking concerns among worldwide experts and investors about the effects this could have on the global economy.
EXCLUSIVE: Low growth, high interest rates and inflation coupled with fears over the Chinese economy raise the threat of a major economic crisis , an expert has said.
Andrew Bailey said policymakers have got to deal with inflation now, or the cost-of-living crisis will get worse as the Bank of England hiked its interest rate to five percent.