True. But what happens to the value of our goods going that way?
There is the problem.
Yes, you are right is is bad for exporters. But if you are buying from China, whether you are a retailer who will have cheaper goods, or your are a business making capital investment (buying computers or equipment), you prices go down which is good for you and your customers. And that’s at a 4-1 ratio. I’m not saying yuan devaluation is good, just that it is not all bad.