US trade negotiators’ insistence on a strong yuan would, if accepted, strip Beijing of options in the event of a slowdown. Photo: AFP
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

China should be free to let its currency function as a safety valve, regardless of what US trade negotiators want

  • Major economies around the world, from Canada and Japan to the euro zone and Australia, reserve the right to let their currencies depreciate if conditions weaken. Beijing should not give up its right to do the same as part of any trade war settlement

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US trade negotiators’ insistence on a strong yuan would, if accepted, strip Beijing of options in the event of a slowdown. Photo: AFP
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