Posted inChina

Yuan slump ramps up trade war fears

As the trade war escalates, China appeared to take a wrecking ball to the global money-go-round on Monday. Just days after the United States President Donald Trump imposed fresh tariffs on Chinese imports worth US$300 billion, President Xi Jinping’s administration was accused of “weaponizing” its currency. The value of the yuan plunged to an 11-year […]

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