Strategy Note /
Global

China devaluation another US-China friction and a risk for rival exporters

  • China's fixed Renminbi rate has depreciated 0.7% in the last month, 2.6% ytd, 3.3% in last year, 8% in last 5 years

  • Currency one of many frictions with the US, eg capital flow, trade, territory, technology, multilaterals, Hong Kong

  • Versus most Asians, China has devalued less ytd but more on 5-year view (more than Bangla and Vietnam over both periods)

China devaluation another US-China friction and a risk for rival exporters
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

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Tellimer Research
26 May 2020
Published byTellimer Research

China's fixed Renminbi rate has depreciated 0.7% in the last month, 2.6% ytd, 3.3% in the last year, 8% in the last 5 years.

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