I think it would be maximum of 20% devaluation. But if we look at the numbers, 20% devaluation would put it back to USD to CNY @ 7.8, this is 2006 &#x2F; 2007 numbers. This is right before the financial crisis.<p>Since then China GDP have grown 4x!!! 4X<p>In that sense I don&#x27;t think CNY were ever properly valued.