RMB has stopped depreciating because of supply issue. China is issuing more funds into the monetary market to address the supply issue.
http://en.people.cn/n3/2016/1201/c90000-9149650.html?winzoom=1
Don't be mistaken that this is China trying to devalue RMB further after depreciating to around 6.95 yuan vs USD. If China doesn't inject funds now, RMB will skyrocket very fast and furious and will disrupt the monetary system and interest rates.
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