US President Donald Trump hosts a meeting with the House and Senate leadership in the White House on March 1. Among the attendees are (from left) House Republican leader Kevin McCarthy, Senate Republican leader Mitch McConnell and House Speaker Paul Ryan. Photo: AP

China must rethink free float for the yuan, as US border tax looms

Weifeng Zhong and Zhimin Li say a market-led exchange rate regime is the best option for Beijing, with the proposed US import tax poised to deal a heavy blow to China’s monetary system and growth outlook

Topic |   Yuan

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US President Donald Trump hosts a meeting with the House and Senate leadership in the White House on March 1. Among the attendees are (from left) House Republican leader Kevin McCarthy, Senate Republican leader Mitch McConnell and House Speaker Paul Ryan. Photo: AP
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