https://www.scmp.com/rss/502024/feed Guan Tao, a former director at the State Administration of Foreign Exchange, is doctoral supervisor of economics and a professor of Dong Furen lectures at Wuhan University. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Last month, the US Treasury Department designated China a currency manipulator. China is also accused of breaking its promise made at the G20 summit not to engage in competitive devaluation. In fact, China has done more than any other major economy in honouring its commitment to hold the value of its currency. The renminbi’s effective exchange rate index has appreciated significantly since the global financial crisis. According to the Bank for International Settlements, from early 2009 to July... https://www.scmp.com/comment/opinion/article/3025621/why-us-claims-china-currency-manipulator-are-groundless?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3025621/why-us-claims-china-currency-manipulator-are-groundless?utm_source=rss_feed Wed, 04 Sep 2019 19:00:13 +0000