Monday, August 5, 2019

SCMP — Is China about to let the yuan weaken below seven to the dollar?


The CNY has already breached 7. The question now is whether China is ready to let drop stand, or even allow the currency float. This article provides background that most Western articles announcing the move don't. China has apparently decided to pursue its national interest rather than let the exchange rate dominate policy.

SCMP
Is China about to let the yuan weaken below seven to the dollar?

Also relevant

Sputnik International
'Chinese Will No Longer Give Priority to Controlling Trade War Scale' - China State Media

Zero Hedge
Currency War Begins: Chinese Yuan Crashes Past 7 To New Record Low As Global Markets Tumble
Tyler Durden


The US is also putting the push on to destabilize China politically as well as economically.

NEO
Washington’s Major Push for Xinjiang
Jean Perier

Reuters
Hong Kong leader says protests are challenging China's sovereignty

The Strait Times
China trying to reshape Indo-Pacific, says US



No comments: