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Yuan Weakness Revives Old Question: What Is China Doing With Its Currency?

The Chinese yuan is near its weakest level against the U.S. dollar in two months as the Trump administration’s top economic officials visit Beijing following weeks of rising trade tensions.

The U.S. delegation, which includes Treasury Secretary Steven Mnuchin and the administration’s main China strategist Robert Lighthizer, is expected to meet Chinese President Xi Jinping later Friday.

 

 

OTHER NEWS

The reason Turkey’s economic collapse is so scary is because Iran, Russia, and Syria are waiting in the wings

13/08/2018, 8:57 PM

Lots of things are going wrong in Turkey, all at once, driven by the collapse of its currency, the lira. The West needs Turkey to be strong: Turkey is a physical buffer between Europe and the war in Syria. US sanctions have annoyed Turkish president Erdoğan, who says he is now in search of “new […]

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China’s Leader Wages a War on Two Fronts—Viral and Political

9/02/2020, 1:32 AM

https://www.bbc.com/vietnamese/world-51425036

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