This is just not true.
The People’s Bank Of China (PBOC), their central bank, sets a target for their currency (they call the “fix”).
They intervene routinely to keep it there.
They explicitly changed the fix, to devalue their currency, and said so openly.
Thanks for the clarification. WTH is wrong with Heritage nowadays?
I don’t see them manipulating their currency down now, but up.
It’s the US dollar that’s changed, not so much the Yuan.
The Yuan has lost about what the Dollar has gained.
... though the Yuan has weakened, so have every other currency in Asia.
But I think it is a good move for Trump to get ‘manipulation’ claim in motion. China may make huge interferences soon.
Ha!
I was just wondering if China may confiscate it’s people’s gold to get thtough this mess.