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