Is China Panicking Over Weak Yuan?

The Chinese yuan -- you know, the managed currency that's going to supplant the currency to which it's soft-pegged, according to the de-dollarization crowd -- is struggling. Just like the Chinese economy. Indeed, the yuan is struggling in part because of the Chinese economy, which continues to underperform, to the chagrin of a macro community which had "China rebound" on every square of their 2023 bingo cards. Data released earlier this week showed retail sales floundered in June, when the you