Top Finance Chiefs Meet in Shanghai

beijingThe G20 Finance Chiefs are meeting in Shanghai, to discuss how a global recession can be averted.

According to economists from Citigroup, after 2-3 years of a relative calm in the global financial market, global growth is slipping and leaving financial markets vulnerable.

Analysts agree that China is a major source of instability, battling with slowing growth. Investors believe Beijing may be forced to slash the value of the Chinese yen, to boost exports.

On the discussion table will probably also be the decisions by major central banks to adopt policies that will push currencies lower.

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