RMB Devaluation: It’s Not the Economy, Stupid!

The 1.8% devaluation of the yuan has started a debate in China-watching circles about whether or not the People’s Bank of China is trying to make the RMB more market-determined, or trying to make boost its exports. Most likely, Beijing is allowing the RMB to find its feet before the IMF review in November.

Michal Meidan, Director, China Matters via CHINA US Focus http://ift.tt/1fjXyzG