This is well-reported in The Economist, Bloomberg, WSJ. The Chinese government is shoring up its currency due to capital injections in its SOEs and banks. Thi

This is well-reported in The Economist, Bloomberg, WSJ. The Chinese government is shoring up its currency due to capital injections in its SOEs and banks. This isn't like the mid-1990s dump of the Rupiah; there isn't a malicious aspect to it. If it somehow were malicious, it would be pathetic because the U.S. dollar has increased in value over that time period.