The Yuan has roughly been pegged to the dollar @ ~7Y/$ for the last few years, but it rose (falling ratio) during the pandemic and it has been falling a lot (ri

The Yuan has roughly been pegged to the dollar @ ~7Y/$ for the last few years, but it rose (falling ratio) during the pandemic and it has been falling a lot (rising ratio) recently. https://www.macrotrends.net/2575/us-dollar-yuan-exchange-rate-historical-chart https://www.macrotrends.net/2575/us-dollar-yuan-exchange-rat... China PPI is in Yuan, but sales prices of panels are mostly in Dollars.