Posted inBeijingChinaJapanNortheast AsiaShanghaiWorld

Devaluation of yuan still a threat despite Xi’s promises

Xi Jinping’s big trade speech on Tuesday was music to Donald Trump’s ears. The Chinese president pledged to open Asia’s biggest economy, cut tariffs and strengthen intellectual property right protections. It hit virtually all the right notes. That is, except for the most potentially discordant one: a yuan devaluation. President Xi’s lofty talk at the Boao Forum […]