For you investors and holders of RMB, this booklet, The A to Z of the RMB, packs a lot of info:

www.weekinchina.com/wp-content/uploads/2015/07/RMB_2015.pdf

bigmacindex.org/

So that I dont need to read it, can you just tell me - sell or buy?

Maybe this is a clue:

english.caixin.com/2015-07-31/100835135.html

Chaos. Sometimes one is inclined to think that this chaos has been prevalent about, say, last two years or so, when it has probably been prevalent last 200 years. Deng Xiaoping said something like, "china is walking in a river and testing next step with the toes" well, yes. This saying was just as accurate 150 years ago, as it was during Deng Xiaoping and also 1.5 hours ago. The central governments most important role is probably to keep the chaos on a chaos track, and not slip out of the chaos track.

Spoon feed me - I am helpless.

If the economy will make rather steep decline a way to handle any dissapointment could be to grow nationalist sentiment. Theres this switch in north, and you can basically switch it in the morning and in afternoon theres already an switch evidence even far away in south. In short, theres a risk for an induced nationalism if economy goes down.

From the WSJ:

" People's Bank of China took the step with an eye toward making the yuan's value more market-based: the midpoint, or fixing, will now be based on how the yuan closes in the previous trading session. Until now, the fixing had been entirely determined by the central bank itself.

As a result, the yuan's fixing was lowered 1.9% Tuesday from the previous day."

Always trying to make themselves look good. We all know their books are overcooked.

The lower Yuan makes China's exports cheaper. $100 USD gets you 12 more yuan on Tuesday. Or, at the ATM, 1000 yuan will cost you $3 USD less.