How to Solve China's Currency Parity Puzzle?

(Beijing) – Boosting exports, controlling outbound capital flow and supporting the Chinese currency's bid for Special Drawing Rights (SDR) status are just some of the reasons cited by analysts for the yuan's unexpected devaluation in mid-August.

The yuan lost about 3 percent of its value against the U.S. dollar between August 11 and 13, roiling global equity markets and stoking fears that China had pushed a trade war button.