I closely monitoring the china economy news, I strongly believe that China will not purposely devaluate the Yuan, China intention is to have a stable Yuan and China had been using different tools, new policy to stop foreign capital outflow and dampen the Yuan devaluation expectation.

Imagine China foreign currency reserve drop about 94billion USD at August. China had been very panic for past two month how to stabilize the yuan. China really contribute a lot to our world economy.

The next big news is, whether IMF approve China Yuan to be included into IMD SDR basket. If no, then I am really headache as well.