Currency exchange is forming a crucial part of US-China trade negotiations, with the US keen to insert a clause that would limit Beijing’s ability to devalue the yuan, reports said. Photo: Reuters

China urged to avoid cautionary tale of Japan and the Plaza Accord in currency deal with US

  • Plaza Accord in 1985 was signed under pressure from the United States desperate to stymie Japan’s economic rise
  • Was blamed for helping usher in the ‘lost decade’, but analysts have backed China to learn from Japan’s mistakes
Topic |   China economy

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Currency exchange is forming a crucial part of US-China trade negotiations, with the US keen to insert a clause that would limit Beijing’s ability to devalue the yuan, reports said. Photo: Reuters
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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.