PREVIEW

... ading days, the renminbi continued to rise despite the fact that the central bank’s traders did not make any moves. It can all be explained clearly.

On the 27th, the offshore RMB exchange rate rose by 140 basis points, or 0.22%; on the 28th, the offshore RMB rose by 166 basis points, or 0.26%; on the 31st, it rose by 185 basis points, or 0.29%; on September 1, it rose by 252 basis points, or 0.39%.

   The RMB has risen for five consecutive trading days, with a cumulative increase o ...

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