In his weekly commentary, SMU adjunct faculty member Larry Haverkamp noted that China’s Yuan is stuck between a rock (staying pegged to the US Dollar), a hard place (devaluing) and the deep blue sea. He said that China must do something about it as sitting back and watching the economy deteriorate is not a good choice. At the same time, Mr Haverkamp also pointed out that the world needs a prosperous China as it is the second-largest economy and an important engine for world growth.