After the domestic and foreign yuan rates fell below 7.25, the Central Bank of China took action to curb the depreciation of the yuan. It did recover to 7.10 on September 30. But to the world the yuan is depreciating. Yang Bin, a mainland economic scholar, said to The Epoch Times that the current Chinese economy is more pessimistic than in 2008. The over-issue of currency has led to a loss in the value of the yuan and inflation is coming.