https://www.scmp.com/rss/324118/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com The US Republicans’ border-adjusted tax plan – to tax imports and exempt exports – could deal a strong blow to the stability of China’s monetary system and its growth prospects. Beijing would be wise to move to a floating exchange rate regime. The proposed tax plan would not improve America’s trade balance, as many claim, but would, instead, boost the value of the greenback against the currencies of its trade partners, including China. The import tax would reduce US demand for Chinese products,... https://www.scmp.com/comment/insight-opinion/article/2076693/china-must-rethink-free-float-yuan-us-border-tax-looms?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2076693/china-must-rethink-free-float-yuan-us-border-tax-looms?utm_source=rss_feed Tue, 07 Mar 2017 07:46:44 +0000