Eyes are on the yuan for a potential devaluation as a way to retaliate against US tariffs. It's a major risk that Deutsche Bank has highlighted, with 7.30 as a line in the sand.
WSJ China correspondent Lingling Wei writes:
Financial officials in Beijing may be positive on deval — which would free up some room for domestic easing. But the top Leaderships is not. For now.
That's a bit of a coded message and a threat I suspect.
