China's Currency And The Three Options For Renminbi Policy

China's Currency And The Three Options For Renminbi Policy by Worth W. Wray featuring guest contributions from George Magnus & Chen Long Evergreen Gavekal

"The dollar may be our currency, but it’s your problem."

Table of Contents

Toggle

- US Secretary of the Treasury John Connally in 1971

Summary Of EVA’s Key Points

• China’s decision to devalue its currency—for reasons we still do not fully understand—has set a dangerous series of events in motion which are already disrupting global financial markets. In fact, it was China allowing its currency to drop a seemingly minor 3% against the US dollar last month that triggered the recent bout of extreme asset price volatility—mostly of the downward variety—since then.
• In our first guest selection, GaveKal’s Chen Long outlines three possible paths...
  

  Login required to continue reading.

  Setup a free account to get access to this article (no credit card required).

  View Full Article

  Already a member? Log in here