Sudden Chinese currency devaluation has global consequences

Aired: 8/12/2015 | 0:08:04 | Clip
Following market forces, China again devalued the yuan, rocking world stock and currency markets for a second straight day. According to some analysts, the change could hurt U.S. companies that do a lot of business inside China, like Apple and Coca-Cola. Judy Woodruff gets analysis from Eswar Prasad of Cornell University and Michael McDonough of Bloomberg.

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