Over the past year, several Wall Street “talking heads” have bet against the Chinese currency… and even accused the country of manipulating it downward.
During the U.S. presidential election campaign, Donald Trump even threatened to label China a “currency manipulator” and start a trade war (a threat he later rowed back on).
The most notable recent critic of the yuan has been hedge fund manager Kyle Bass. Bass – who has been wrong on China before – betting on the yuan falling 30 percent against the dollar (although he’s been saying that for some time now).
In short, a lot of the talking heads’ commentary is nonsense. As I share in the below video, there’s one big reason why China wouldn’t want to push its currency down. Find out more: