The RMB once fell below 7, and it is expected to stabilize around the 6 level next year. In other words, in December, even holding U, there would be a direct loss of 15%. This inevitably brings up Trump; surprisingly, he has followed through on everything he promised during his campaign. He said he would cut interest rates, and now we are in a rate-cutting cycle; he said devaluing the dollar would boost American manufacturing, so the dollar has fallen from 110 to 97 and is still declining.