Chinese yuan is rapidly depreciating against USD. China is easing while Fed is tightening. Is the yuan due for a more severe devaluation…?
by silvertomars 🇨🇳 #China’s industrial profits plunged about 13.5% YoY in July (fastest pace since March 2020), according to an estimate from Bloomberg Economics. *The official YTD showed a 1.1% drop in the first seven months of 2022, compared to a rise of …