Forecast came true

Yuan plunge is possible
16 february 2015

Watch out: Yuan plunge is possible, warn analysts

China has no plan to devalue, but this may be out of its control

Shutterstock/Bildagentur Zoonar GmbH

The Chinese character for “yuan.” The unit is also known as the “renminbi,” which means “the people’s currency.”

When it comes to China’s currency, consensus opinion is typically formed around what the government tells us. When it says the yuan will not be devalued, it means it. Betting against the stated policy of Beijing or its central bank has rarely been a profitable move.
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Yuan plunge is possible

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Forecast came true

some analysts are now warning investors to position for the unexpected: a sudden and sharp devaluation of the yuan