South China Morning Post

China’s central bank slams currency manipulation claims as EU trade talks begin

China’s central bank published a position paper on the yuan exchange rate on Thursday, arguing that China has no need to gain a competitive edge through devaluing its currency and has never resorted to deliberate devaluation. The report was published on the same day that China and the European Union kicked off a fresh round of trade talks, with growing European calls for a stronger yuan to help address the bloc’s widening trade deficit with China. “Global economic imbalances are deeply...

By South China Morning Post

1 min read
China’s central bank slams currency manipulation claims as EU trade talks begin
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