China Currency War

Is this a China Currency War on US or China on all others?  What’s China’s End-Game: China is perhaps looking to have the Renminbi ultimately being managed against a basket of currencies as opposed to just being managed against just the USD.  This could provide for more volatility going forward between the Renminbi vs. the USD.

 

currency war on US
http://www.merkinvestments.com/insights/2015/2015-05-12.php

Dollar Racing to Bottom