A bank employee in Haian, Jiangsu province, counts US dollar banknotes next to a stack of Chinese yuan notes. By accusing China of currency manipulation, the US is ignoring reality and applying double standards. Photo: Chinatopix via AP
Guan Tao
Opinion

Opinion

The View by Guan Tao

Why US claims that China is a currency manipulator are groundless

  • The yuan has appreciated significantly since the global financial crisis, and a review of China’s policy decisions show that it has, in fact, done more than any other major economy to honour its commitment to hold the value of its currency

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A bank employee in Haian, Jiangsu province, counts US dollar banknotes next to a stack of Chinese yuan notes. By accusing China of currency manipulation, the US is ignoring reality and applying double standards. Photo: Chinatopix via AP
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