China’s currency is now up 3.7% since the Central bank ended the Yuan’s 2 year peg to the dollar in mid-June. US$1 = RMB 6.58
With Chinese factory workers coming back from their holidays they will be expecting Salary increases and these are partially state mandated and partially market driven.
Chinese factories buy raw materials from markets around the world and materials are generally priced in US$. Trade with International clients is also frequently in US$ so this revaluation does not come into play too much here.
How is this affecting you?