Fundamentals and Policy Keep RMB Afloat

Fundamentals and Policy Keep RMB Afloat

by Fixed Income AllianceBernstein

Even before the recent correction in China’s A-Shares market, a number of investors had expressed skepticism about our positive outlook for the renminbi (RMB). Some even saw a devaluation as a possibility. For a variety of reasons, we continue to see the currency appreciating.

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