Nope. If they stop supporting it, it will get weaker and move towards 8. https://www.npr.org/2019/08/05/748155575/chinas-currency-falls-to-lowest-exchange-rate

Nope. If they stop supporting it, it will get weaker and move towards 8. https://www.npr.org/2019/08/05/748155575/chinas-currency-falls-to-lowest-exchange-rate-in-11-years https://www.npr.org/2019/08/05/748155575/chinas-currency-fal... “China has long artificially propped up the value of its currency above the symbolic 7-to-1 threshold using a mixture of public and non-public methods, including ordering its massive state-run banks to buy up vast amounts of currency to strengthen the yuan, also known as the renminbi. "The [Chinese] government has been, if anything, doing the opposite: protecting the renminbi from collapsing," says Jonas Short, head of China research at NSBO, an investment bank. "If you allow for the natural exchange rate for renminbi against the U.S. dollar, it should be about 7.2 to 7.3 per dollar."