Photo: Reuters/Jason Lee
Washington is scrutinizing more and more Chinese investments in the US economy. Photo: Agencies

President Trump this morning tweeted that China and Russia are playing the “devaluation game” against the US.

In fact, China’s Real Effective Exchange Rate (exchange rate adjusted for comparative inflation) has roughly doubled in the past 25 years. In nominal terms, the yuan is 30% higher against the dollar since 2005.

China real effective exchange rate
Chinese yuan per dollar

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