Many have been critical of the Chinese economy for keeping the yuan rather weak in value in order to increase their exports. Domestic critics state that they are actually focusing more on trying to keep their currency strong. Sources say that they are likely to start a devaluation policy. The yuan has been one of the top performing currencies of this past year because it is loosely pegged to the dollar. It has tagged along with the dollar in it's increase. The US dollar was up 18% against the world's seven most traded currencies, but only 0.6% against the yuan. This will help China fight deflation in the short future for their economy.
http://www.economist.com/news/finance-and-economics/21644205-devaluing-yuan-would-do-china-more-harm-good-currency-peace
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