A staff member arranges stacks of yuan at a bank in Nantong, Jiangsu province. Photo: Reuters A staff member arranges stacks of yuan at a bank in Nantong, Jiangsu province. Photo: Reuters
A staff member arranges stacks of yuan at a bank in Nantong, Jiangsu province. Photo: Reuters
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Coronavirus recovery: China must hold the yuan stable and resist the temptation to let it weaken

  • To the extent that Beijing welcomes overseas inflows into Chinese government bonds to help finance its stimulus, it makes sense to keep the yuan stable. Besides, a weaker yuan is hardly going to boost Chinese exports now

A staff member arranges stacks of yuan at a bank in Nantong, Jiangsu province. Photo: Reuters A staff member arranges stacks of yuan at a bank in Nantong, Jiangsu province. Photo: Reuters
A staff member arranges stacks of yuan at a bank in Nantong, Jiangsu province. Photo: Reuters
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