PREVIEW

... though they have invested $127.2 billion and suffered a floating loss of only $6.3 billion, with a loss rate of less than 5%, this is based on their continuous replenishment of positions.

If they retreat and the RMB exchange rate gets breached by the short-selling forces beyond the seven yuan mark, then the current $6.3 billion loss could escalate to $16.3 billion or even $26.3 billion in the next moment.

They cannot retreat, nor can they afford to.

This is a currency war ...

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