A man looks at information posted on a bank door showing how to distinguish real banknotes in Beijing on July 20. China’s yuan has continued its steady decline, defying US President Donald Trump’s warning over the dollar’s rise and providing Beijing with a buffer against punitive trade tariffs imposed by Washington. Photo: AFP
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Is China a currency manipulator or is Donald Trump to blame for the yuan’s weakness?

Neal Kimberley says the drop in the yuan is more likely to be a market response to the US-China trade war than the result of active management by the Chinese authorities

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A man looks at information posted on a bank door showing how to distinguish real banknotes in Beijing on July 20. China’s yuan has continued its steady decline, defying US President Donald Trump’s warning over the dollar’s rise and providing Beijing with a buffer against punitive trade tariffs imposed by Washington. Photo: AFP
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