Posted inAustralia, Beijing, China, Northeast Asia, Oceania, South Korea, World

Sliding Chinese yuan risks Trump trade war backlash

As the People’s Bank of China mulls fresh rate cuts, officials might want to consider the laws of physics along with supply and demand. Newton’s law tells us that every action has an equal and opposite reaction. The economic equivalent holds that additional PBOC easing risks provoking a similar dynamic from the Trump White House. […]

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