The entire Chinese stock market is Plummeting, will the Central Bank let the people's coin depreciate significantly in response to Trump's trade war?

China's stock market once again took a Nosedive on Friday (13), with major stock indexes closing down more than 2%. Against this background, Reuters this week, citing sources, reported that Chinese leaders are considering continuing to devalue people's coin in the face of tariffs after Trump took office. (Synopsis: Sino-US chip war heats up!) China's launch of Huida's antitrust investigation, how much impact will it have on NVIDIA's performance? (Background added: Who's crazy selling US debts?) Japan sold $61.9 billion in Q3, the highest in history, China reduced its holdings for three consecutive months. Has the bottom arrived? At the end of September this year, mainland China introduced a series of economic stimulus measures to try to rescue the country's current economic difficulties such as the bursting of the housing bubble and excessive government debt. Although mainland stocks have been boosted in the short term, most assets, including China's stock market, are currently in the doldrums due to the failure to introduce further effective rescue measures. Just yesterday (13th), according to Sina Finance data, the Chinese stock market once again took a Nosedive, specifically, the main stock indexes after yesterday's close were: The Shanghai Composite Index fell 2.01% or 69.62 points, closing at 3,391.88 points; The Shenzhen Component Index fell 2.23% or 244.06 points to close at 10,713.07 points; CSI 300 fell 2.37% or 95.32 points to close at 3,933.18 points; The CSI A50 fell 2.62% or 41.97 points to close at 1,559.47. People's Coin continues to depreciate Since one of the main goals of the Chinese government in the economic field at the moment is to resolve debt, the economic stimulus measures since September have also caused the People's Coin Exchange Rate to continue to decline against the US dollar. According to TradingView data, the current USD/People's CoinExchange Rate has risen from around 7 to 7.2733 since September, up nearly 4%. Reuters: China considers continuing to devalue people's coin With Trump about to announce his inauguration on January 20 next year, another major economic problem that China will face in the future is Trump's economic policy of increasing tariffs. Against this background, Reuters reported this week, citing sources, that Chinese leaders and policymakers revealed at this week's meeting that they are considering a strategy to continue to devalue people's coins (usually depreciating in favor of exports) to cope with the possible impact of Trump's tariff policy in the future: China will shift to a moderately accommodative policy stance, as well as a more proactive fiscal leverage strategy, and increase unconventional countercyclical adjustments. Central and local governments will have higher deficit budgets, more debt issuance, and leaders have vowed to drop bank reserve and Intrerest rates in a timely manner. In this regard, Zhang Zhiwei, chief economist of Pinpoint Asset Management, said: The direction is already clear, but the scale of the stimulus will not be known until the official introduction of the US tariff policy. In this regard, Reuters also quoted Fred Neumann, chief Asia economist at HSBC, as saying that if China significantly devalues People's Coin, it will also cause a chain reaction of tariffs: If People's Coin depreciates significantly, other countries will think that they have no choice but to impose import restrictions on Chinese goods. That would be bad for China. In addition, Craig Chan, head of global forex strategy at Nomura Securities, expects that if People's Coin depreciates significantly next year, the USD/People's Coin Exchange Rate may rise further to 7.6. Related reports Chinese state media: The United States tries to embrace BTC, marking the fall of the dollar era China's weak stimulus of the new policy, A-shares fell back after soaring, and the PBOC proposed five major goals to rescue the market China's coin circle power game: Mining Rig's first roast cat disappeared, Wu Jihan's hegemony, the rise of Zhao Changpeng (China's stock market across the board Take a Nosedive, Central Bank will let the people's coin depreciate sharply to deal with Trump's trade war? This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".