In the past year, the RMB against the US dollar +5%, RMB against the Euro -5%, offsetting US tariffs and reducing Eurozone debt inflation.
Based on a trade surplus, the RMB is still undervalued by 5-10%. That's it, and then Hong Kong stocks plummeted.
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In the past year, the RMB against the US dollar +5%, RMB against the Euro -5%, offsetting US tariffs and reducing Eurozone debt inflation.
Based on a trade surplus, the RMB is still undervalued by 5-10%. That's it, and then Hong Kong stocks plummeted.