1. In Feb 2013 crude oil was USD103
2. In Sep 2015 crude is USD44
3. OPEC refuses to cut oil production???????
4. RMB against USD hovering around 0.16- 0.165
5. China happily buys oil from Russia but at a discounted $$(Chinese happy and Russia not happy)
6. China export getting expensive and internal consumption getting saturated.
7. China gives less to support Africa, Latin America etc as RMB is high.
8. China devalues RMB to catch up with the rest
At the end, who benefit?