5 days ago
China Urged by Think Tanks to Strengthen Yuan Amid Trade Tension
A growing chorus of economists and former officials in the US and Europe is urging Beijing to strengthen the yuan, warning that prolonged undervaluation may escalate trade tensions and distort China's growth model.
At least three researchers have issued studies or commentaries at think tanks in the past month, including the US-based Council on Foreign Relations, spotlighting the yuan's suppressed real value and its role in supporting China's export competitiveness.
