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Andrew Sheng & Xiao Geng: Trumping the renminbi

Trump has accused China of devaluing the renminbi, in order to boost its export competitiveness

Andrew Sheng & Xiao Geng 

Andrew Sheng & Xiao Geng At the recently concluded World Economic Forum Annual Meeting in Davos, Switzerland, Chinese President Xi Jinping mounted a robust defence of globalisation, reaffirming his country’s “open door” policy and pledging never to seek to start a trade war or to benefit from devaluation of its currency. Soon after, US President Donald Trump, in his inaugural address, effectively made the opposite pledge: Using the word “protect” seven times, he confirmed that his “America first” doctrine means protectionism. Mr Trump speaks of the United States as ...

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Andrew Sheng & Xiao Geng: Trumping the renminbi

Trump has accused China of devaluing the renminbi, in order to boost its export competitiveness

Trump has accused China of intentionally devaluing the renminbi, in order to boost its export competitiveness At the recently concluded World Economic Forum Annual Meeting in Davos, Switzerland, Chinese President Xi Jinping mounted a robust defence of globalisation, reaffirming his country’s “open door” policy and pledging never to seek to start a trade war or to benefit from devaluation of its currency. Soon after, US President Donald Trump, in his inaugural address, effectively made the opposite pledge: Using the word “protect” seven times, he confirmed that his “America first” doctrine means protectionism. Mr Trump speaks of the United States as ... image
Business Standard
177 22

Andrew Sheng & Xiao Geng: Trumping the renminbi

Trump has accused China of devaluing the renminbi, in order to boost its export competitiveness

At the recently concluded World Economic Forum Annual Meeting in Davos, Switzerland, Chinese President Xi Jinping mounted a robust defence of globalisation, reaffirming his country’s “open door” policy and pledging never to seek to start a trade war or to benefit from devaluation of its currency. Soon after, US President Donald Trump, in his inaugural address, effectively made the opposite pledge: Using the word “protect” seven times, he confirmed that his “America first” doctrine means protectionism. Mr Trump speaks of the United States as ...

image
Business Standard
177 22