Insight

Renminbi devaluation: five things you need to know

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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.

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    Renminbi devaluation: five things you need to know

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Table of contents

Tables and charts

This report includes 7 images and tables including:

Images

  • Renminbi devaluation: five things you need to know: Image 1
  • 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)
  • Renminbi devaluation: five things you need to know: Image 5
  • Annual RMB forecast

Tables

  • Imports from China for key selected economies

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