CNY is the only fiat that will not keep devaluation so yes.
China is a progressive country. Most of all our product her are made in china. It is most likely that china will maintain its lead in economic ranking of Gross Domestic Product. Many big company interested to put their business in china. because china offer a very low in a labor cost which is a big advantages of the company owner especially the minimum salary of their employees are very low.
not just on China but also on some countries including ours , where many Chinese puts a business on some cities
Their salary to their employees are verry low and almost under the minimum wage, I know it because I was once a worker on their company but I decided to quit and resign eventually because my income is not enough to support my daily needs and habits. That is why I switch on working in bitcoin because I see that I can earn more thru it.