China Expert Evan Lorenz Says Yuan Devaluation Will Happen

Valentin Schmid
Updated:

Back in 2009 Evan Lorenz had a problem. Right around the market bottom, he was too good at spotting undervalued stocks to buy, so he had to leave the hedge fund where he was previously in charge of running the short book—there simply weren’t any good stocks to short around at that time.

After he moved to New York and started work for Grant’s Interest Rate Observer, his talent at finding overvalued companies brought him right back to China, which is now his main focus in his work for Grant’s.

Epoch Times spoke to Mr. Lorenz about the origin of China’s debt problem, possible solutions, low growth, a difficult adjustment process, as well as a coming devaluation of the renminbi.

China is going to have to deal with this gigantic debt overhang, as it's both a very poor and increasingly old country.
Valentin Schmid
Valentin Schmid
Author
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.