China’s currency set for worst month since US trade war

[Hamartia Antidote]

China’s currency set for worst month since US trade war

Investors fear country’s post-Covid economic bounce will prompt withdrawal of stimulus

www.ft.com

China’s currency is set for its worst month against the dollar in more than a year and a half, as investors fret that a clampdown on borrowing could slow the country’s swift economic recovery from Covid-19.

The tightly regulated onshore-traded renminbi fell 1.4 per cent against the greenback in March to about Rmb6.57, marking its worst one-month drop since August 2019, when Washington labelled Beijing a currency manipulator. The recent drop also erased the Chinese currency’s gains against the dollar since the new year.

 

[nang2]

What is the fuss? One year ago, it was around 7.1.

 

[Yongpeng Sun-Tastaufen]

China devaluates yuan on purpose to make it cheap to make in China compared to make in America. This has been going on for decades.

 

[vi-va]

China will collapse, repeat after me,
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[striver44]

CN will collapse

 

[CAPRICORN-88]

That is strange considering the fact China has been a net surplus nation eversince it beats COVID.

CN will collapse

And this one an Indonesian shaman turned economist.