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

Summary:
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.SCMPIs 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 HedgeCurrency War Begins: Chinese Yuan Crashes Past 7 To New Record Low As Global Markets TumbleTyler Durden The US is also putting the push on to destabilize China politically as well as economically. NEOWashington’s Major Push for Xinjiang Jean Perier

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Mike Norman considers the following as important: Chinese yuan, CNY, renminbi, RMB

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