Whither the RMB?; Trade war prep; More policies to fight pollution; CCP oath music video; PLA's "peace disease"; Wealth management firm chairman pulls a runner

Good Morning from sweltering, swampy DC. Wednesday is the July 4 holiday in the US but I intend to publish an abbreviated issue tomorrow. 

Here are the top things I am watching about China today:

  • PRC regulators tried to make it clear to markets that they did not intend to pursue a large devaluation of the Yuan;

  • There are still no signs of serious US-China …

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