Yu Yongding is a fellow at the Chinese Academy of Social Sciences, who consults Beijing on exchange rate policy. Photo: Bloomberg Yu Yongding is a fellow at the Chinese Academy of Social Sciences, who consults Beijing on exchange rate policy. Photo: Bloomberg
Yu Yongding is a fellow at the Chinese Academy of Social Sciences, who consults Beijing on exchange rate policy. Photo: Bloomberg
Economy /  China Economy

US labelling China currency manipulator is ‘absurd’, threatens global recession, warns adviser

  • Yu Yongding, a fellow at the Chinese Academy of Social Sciences, said that the ‘US is trying to start a currency war’
  • US Treasury Department made the decision after the yuan weakened below 7 to the US dollar on Monday

Topic |   Currency war
Cissy Zhou
Cissy Zhou

Updated: 10:36am, 11 Nov, 2020

Why you can trust SCMP
Yu Yongding is a fellow at the Chinese Academy of Social Sciences, who consults Beijing on exchange rate policy. Photo: Bloomberg Yu Yongding is a fellow at the Chinese Academy of Social Sciences, who consults Beijing on exchange rate policy. Photo: Bloomberg
Yu Yongding is a fellow at the Chinese Academy of Social Sciences, who consults Beijing on exchange rate policy. Photo: Bloomberg
READ FULL ARTICLE