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And now comes the point at which what happens on the stock markets directly affects what those of us in the real world do… volumes at major airports across the world are seeing reduced Asia imports as purchasers of air freight react to the instability wracking the world’s second-largest economy. What may be a saving grace for trade and those who carry it is the recent decision to devalue the yuan, although it may need to see its value further decline: “A 4% swing in the yuan isn’t going to move the needle very much. But if the yuan continues to decline I’d expect to see the exports out of China grow.”

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