China in 2 minutes a day
Top news and analysis delivered to your inbox

Analysts say China’s major devaluation of the yuan in August 2015 had little effect on broader exchange-rate policy

2 months ago
Sky Canaves
he devaluation by the People's Bank of China was supposed to bring exchange rates more in line with supply and demand, as well as weaken the yuan's tie to the U.S. dollar, but an analysis by Societe Generale finds the relationship between the two currencies to be "as strong as ever."
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.