South China Morning Post

Ahead of European talks, Beijing wary of forced yuan appreciation: analysts

With top European finance officials expected to meet their Chinese counterparts to push for a stronger yuan, analysts say Beijing remains wary of repeating Japan’s experience after the 1985 Plaza Accord and is likely to reject politically imposed exchange-rate targets. While coordinated Western pressure over China’s large trade surplus and calls for yuan appreciation could intensify, Beijing would probably tolerate gradual, market-driven gains while drawing a firm line to protect its monetary...

By South China Morning Post

1 min read
Ahead of European talks, Beijing wary of forced yuan appreciation: analysts
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