The Art Of Currency And Trade War: Inside China’s Thinking On The Yuan

The Art Of Currency And Trade War: Inside China’s Thinking On The Yuan

... there is no big problem with the yuan depreciation. It could be beneficial as the economy is slowing. We are able to control capital outflows. There is no need for aggressive intervention. That's from one of three anonymous sources Reuters spoke to for a story about the PBoC's thinking when it comes to rapidly weakening Chinese yuan. On Tuesday, hours after a sharp early decline in the yuan through 6.70, PBoC Governor Yi Gang attempted to calm things down by assuring everyone that he's "p
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