EFTA Document EFTA01458260

28 August 2015 Special Report A made-in-China aisis? previous day's close - the PBOC found itself chasing the market higher until after three days and a cumulative 4.7% devaluation they reportedly began intervening to stabilize the exchange rate. Figure 2: Renminbi exchange rates 6.55 6.50 6.45 6.40 6.35 6.30 6.25 6.20 6.15 E 6.10 ! PBOC Fixing NY CNH Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 rases area's ref OftesoMietta t Mardi While the authorities may