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The RMB will depreciate further as the CCP may “monetize the fiscal deficit” of the state.
Yuan depreciation would affect not only the economy but also ripple throughout China’s political and social structure
While the semiannual report stopped short of labelling China a currency manipulator, it carried an implicit warning to Beijing in that much of the text focuses on the importance of keeping a close watch on the yuan to make sure that China is not depreciating its currency to alleviate trade war pains.
So what’s a good deal in Europe? If you just want to enjoy raw culture and European flair, Vienna is probably your best bet and it’s cheap as well.
The Obama administration said Wednesday that China’s currency remains “significantly undervalued,” but it stopped short of citing China or any other country for unfairly manipulating its currency to gain trade advantages.
