That's right. Pegging a currency does of course have its advantages and disadvantages - in China's case, it's worked out very well for their economy (and for so

That's right. Pegging a currency does of course have its advantages and disadvantages - in China's case, it's worked out very well for their economy (and for some groups of people in China, though certainly not for everyone). https://en.wikipedia.org/wiki/Renminbi https://en.wikipedia.org/wiki/Renminbi