► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />The 1.9 per cent devaluation of China’s renminbi is being seen by some as a shot in the currency wars, but James Mackintosh, the FT’s investment editor, disagrees.<br /><br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes
