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8 Pages

Renminbi devaluation: five things you need to know


Renminbi devaluation: five things you need to know

Report summary

China devalued the renminbi on Tuesday August 11 for several reasons. Short term it supports China's flagging industrial sector via an improved trade balance, strengthening corporate profitability and wage growth. Long term it gets China one step closer to making the renminbi an international reserve currency with potentially significant long term implications for commodity markets. This Insight analyses the impact of the devaluation on: steel, aluminium, copper, coal, oil, gas, and chemicals.

What's included?

This report includes 1 file(s)

  • Renminbi devaluation: five things you need to know PDF - 434.79 KB 8 Pages, 1 Tables, 6 Figures

Description

This Macroeconomics and Global Trends Insight report presents our research on this key topic, and draws out the implications for economies and commodity markets.

This report delivers a clear understanding of our unique global economic outlook and identify risks and uncertainties to watch out for.

Wood Mackenzie's global trends and macroeconomic analysis underpins all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

Our comprehensive understanding of commodity markets gives us a unique insight into the pace of global development and the risks associated with it.

  • Executive summary
  • Renminbi devaluation: five things you need to know
  • 1. What happened?
  • 3. How significant is the impact on trade?
  • 4. Internationalisation of the renminbi
  • 5. What impact will the devaluation have on commodities?
  • Steel
  • Aluminium
  • Copper
  • Coal
  • Oil
  • Gas
  • Chemicals
  • Conclusion

In this report there are 7 tables or charts, including:

  • Executive summary
  • Renminbi devaluation: five things you need to know
  • 1. What happened?
    • Renminbi devaluation: five things you need to know: Image 1
  • 3. How significant is the impact on trade?
    • Nominal exchange rate indices (long term)
    • Nominal exchange rate indices (short term)
    • China's manufactured goods to Japan, US and the Eurozone (3 month moving average)
    • Imports from China for key selected economies
  • 4. Internationalisation of the renminbi
    • Renminbi devaluation: five things you need to know: Image 5
    • Annual RMB forecast
  • 5. What impact will the devaluation have on commodities?
  • Steel
  • Aluminium
  • Copper
  • Coal
  • Oil
  • Gas
  • Chemicals
  • Conclusion
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