ML-Implode News - Why the Chinese Yuan Will Lose 30% of its Value

Who's left who believes the easy money is to be made in China? Nobody. Anyone seeking high quality overseas production is moving factories to the US for its appreciating dollar and cheap energy, or to Vietnam or other locales with low labor costs and depreciated currencies.
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It appears that one certain outcome will be a huge depreciation in the value of yuan. Bailout of the bad bank debt is reason #1 to print yuan. The decline of yuan will lead to lower prices and a temporary relief of US-based automation pressure on export market share. This begins to become a Reason #2.
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The stark truth is nobody wants yuan any more. Why buy something that is sure to lose value? the only question is how much value? The basic facts suggest a 30% loss and a return to the old peg of 8.3 is baked in.

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Why the Chinese Yuan Will Lose 30% of its Value | Charles Hugh Smith