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Yu Yongding: The Yuan’s Bid for Freedom

2019年09月04日 19:17 来源于 财新网
PBOC’s decision to let the yuan weaken beyond 7 yuan per dollar represents an important step toward reforming China’s inflexible exchange rate
The PBOC’s decision to let the yuan weaken beyond 7 yuan per dollar represents an important step toward reforming China’s inflexible exchange rate regime. Photo: IC Photo

In early August, the yuan’s exchange rate broke through the psychological threshold of 7 yuan per U.S. dollar. While investors were still digesting the full significance of this event, U.S. President Donald Trump’s administration startled the market by labeling China a “currency manipulator.”

版面编辑:喻竹杨洋
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