Business Insider- For more than a decade, China’s currency, the Renminbi (RMB), had been on a path of appreciation, but some weakness this year generated renewed talk about whether the currency is fairly valued against global currencies. As global equity investors, we are constantly faced with currency changes. This is an important factor when considering our investments, because currency movements impact companies’ earnings and operations. Of course, there are winners and losers with currency ups and downs. Export-driven companies can thrive with weaker national currencies, while domestic-driven industries are more likely to suffer. As one of the world’s global export powers, China has kept tight controls on its currency in order to enhance its investment and trade position, but those controls are starting to loosen.

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