Chinese officials prepare the flags for a China-US meeting on the sidelines of the G20 leaders’ summit in Hamburg, Germany, in July last year. US President Donald Trump has made no secret of his views on China’s currency policy, saying often that Beijing manipulates its currency as a trade advantage. Photo: Reuters
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

China’s move to prop up the yuan is a smart strategy to defuse trade tensions with the US

Neal Kimberley lauds the timing of the PBOC’s move to support the renminbi’s value, which came on the heels of renewed US accusations of currency manipulation and at the end of the latest round of China-US talks

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Chinese officials prepare the flags for a China-US meeting on the sidelines of the G20 leaders’ summit in Hamburg, Germany, in July last year. US President Donald Trump has made no secret of his views on China’s currency policy, saying often that Beijing manipulates its currency as a trade advantage. Photo: Reuters
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