I think that is their intent, but there may be one factor that you are forgetting. It is assumed widely that the US dollar will decline in value compared to other currencies as it has done over the past decade or so. But the problem for the euro is that while the Yuan gained value, it was less than the drop in value of the dollar. The end result was the euro gained value against the yuan as the dollar dropped. Some articles seemed to show not so pleasant aspects of that for eurozone exports and import competing industries.

Rutherfordian ------------------------------ RDRutherford