this is an important staging ground, refueling station and launch pad for the u.s. military. and north korea has announced it is is drawing up plans to try to fire four intermediate ballistic missiles that would aim to splash down in the ocean 30 to 40 kilometers off the coast of this american island. ivan watson, cnn, in the skies over guam. ivan, thank you so much for the look there at guam. cnn is covering the north korean missile threat with our correspondents across the globe. experience from ana coren and charisse live in tokyo. ana, let s start with you. do we have any indication of that might come out of this meeting set to take place
devaluation, people are no longer believing what is coming out of china. the economic data. people are more skeptical these days. signs of relief around the world and central bank saying they are done for now. they think it has adjusted enough. ana, thank you. hillary clinton facing backlash on twitter. time to get an early start on your money next.
its best to soothe markets. the third straight day it guided the yuan lower. they described it as a one-time fix. since then, it has done it two more times. officials say they adjusted the yuan enough and they expect depreciation is quote largely finished. we have ana coren in hong kong with the latest. i can tell you the markets are pleased to hear that. what are the chinese saying? reporter: the chinese are saying we are allowing market forces to play a bigger role in helping to evaluate the yuan. this is something the united states and the international monetary fund has been pushing for years. wanting china to loosen the grip on the currency exchange rates. many analysts, christine, say this is an indication of china s economy is slowing and it is weaker than what official
as is construction. by devaluing the currency, it sparks the economy and exports cheaper and more competitive on the global stage. it has rattled world markets the past couple days. everyone has taken a hit. you have to say, christine, from the sharp reaction that we have seen, that people are no longer believing what the chinese are saying. the hope for 7% growth over this year. people skeptical that will be realized. more so now with the devaluation of the yuan. the presidential season here in the u.s. it lasts much longer here in the u.s. than anywhere else in the world. you will hear more about china and the motives with currency and policies on the campaign trail, especially among the republicans. ana coren, thank you.
figures suggest. they say that really this is also a sign perhaps that the administration in china, the government in china, perhaps is not in control and not managing the slowdown. by devaluing the currency, this allows exports to be cheaper and competitive on the global stage. helping to revive the domestic economy. analysts just are not really convinced to what is coming out of china anymore. that 7% growth, that forecast growth for this year, many analysts skeptical that will be reached and figures are believable. particularly now with the devaluation of the yuan. christine. ana coren, thank you for that from hong kong. hillary clinton facing backlash on twitter. time to get an early start on your money next.