The headquarters of the People’s Bank of China in Beijing. Donald Trump’s administration is posturing for a stricter approach to China, which he claims has been “raping” the US with its trade policies, including by keeping the renminbi’s value artificially low. Photo: Reuters

China’s cautious financial opening up does not make it an enemy of the US

Zhang Jun says China is pursuing gradual financial liberalisation in keeping with its own needs in the face of a myriad of challenges. But this does not make it a threat to the US, despite what the Trump administration may say

Topic |   China economy

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The headquarters of the People’s Bank of China in Beijing. Donald Trump’s administration is posturing for a stricter approach to China, which he claims has been “raping” the US with its trade policies, including by keeping the renminbi’s value artificially low. Photo: Reuters
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