Shuli Ren: U.S., not China, is the currency manipulator

Section:

The Yuan Has Been Tracking the Dollar, So Any Volatility Begins at Home in Washington.

By Shuli Ren
Bloomberg News
Wednesday, February 20, 2019

President Donald Trump should take a look in the mirror. China isn't the currency manipulator.

The U.S. is asking Beijing to keep the value of the yuan stable as part of trade negotiations between the world's two largest economies, Saleha Mohsin and Katherine Greifeld of Bloomberg News reported. Washington fears that China could weaken its currency to counteract the effect of higher American tariffs on imports from the nation.

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That perception is unfair. Despite the trade conflict, the People's Bank of China has effectively pegged the yuan to the dollar, loyally following the greenback's cycle. ...

... For the remainder of the commentary:

https://www.bloomberg.com/opinion/articles/2019-02-20/the-u-s-not-china-...

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