There is bleeding, but it won't hurt the system on the whole. Yang Zhao More Quotes by Yang Zhao More Quotes From Yang Zhao We need to understand whether (the Chinese central bank) wants to see a sharp depreciation or appreciation. I don't think either is a good solution for China at the moment, they have tools to maintain stability, first they have huge FX reserves, they can use the fixing rate to signal their policy preference to the market. Yang Zhao company-news
