Donald Trump’s demand for stable yuan to end US-China trade war ‘acceptable’ to Beijing
A demand from the United States that explicitly requires China to keep the yuan exchange rate stable as a condition to end the ongoing trade war plays right into Beijing’s hands, and is an offer the government in Beijing will accept, said analysts.The US has demanded that China stop devaluing the yuan as a condition of ending the trade war, and the two countries may include currency policy in a memorandum of understanding that would form the basis of a trade deal, Bloomberg reported.For years,… Source link
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