i am not for sure why you are downvoted. i hadn't heard of china devaluing their yuan, but the way you have explained it makes sense. china does indeed seem to be buying a ton of western assets, including real estate and major holdings in companies.
if i am understanding correctly, you are saying china is basically keeping the yuan quiet while they get their economy in the shape they want, benefiting from a strong u.s. dollar. then when the time is right, they'll switch to promoting their own concurrency over the u.s. dollar.
if i am understanding correctly, you are saying china is basically keeping the yuan quiet while they get their economy in the shape they want, benefiting from a strong u.s. dollar. then when the time is right, they'll switch to promoting their own concurrency over the u.s. dollar.