Part 6/9:
As the RMB continues to face pressure, experts warn that a significant depreciation could have ripple effects throughout Asia's economies, particularly neighboring South Korea. Observers note that a 145% US tariff on Chinese imports may lead to broader economic challenges, increasing competition in Asian markets and pressuring regional currencies.
In 2015, when China last devalued its currency, regional currencies felt the brunt of that decision. Analysts are concerned that similar outcomes could arise if the RMB depreciates to 7.50 against the US dollar, intensifying the strain on Asian economies.