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Assessing the trajectory of the RMB
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Publication Date:
August 2018
The China Center has tracked the evolution of the RMB for several years now and issued numerous notes on the topic. This brief, from Ken Dewoskin and David Hoffman, assesses the current depreciation dynamic and contextualizes the forces at work shaping the RMB’s trajectory. We assert that MNC strategists should consider a range of scenarios for yuan value and capital account management, with a lean toward ongoing depreciation and significant tightening, respectively, in the run-up to 2020.
