Investors monitor stock market movements at a brokerage house in Shanghai. Photo: AFP
Tom Holland
Opinion

Opinion

Abacus by Tom Holland

No, China is not weaponising the yuan in its trade war with the US

A policy of deliberate depreciation on Beijing’s part would risk a feedback loop of capital outflows and runaway currency weakness which would have grave repercussions – both within China and abroad

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Investors monitor stock market movements at a brokerage house in Shanghai. Photo: AFP
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