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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