September 15, 2022 | Macro
[Report] RMB depreciation: Manageable – for now
The mighty USD and the prospect of further rate rises in the US have triggered a worrying slide in the value of the RMB against the greenback. This depreciation has come against the backdrop of an exodus of foreign capital out of China as overseas entities dump Chinese securities.
Previous report: The Contenders: Xiao Jie, the econ heir?Not a turning point: Why Xi’s foreign travels don’t signal a relaxation of COVID policy »