Yesterday's News Today
Let the Yuan Rise Say Chinese Policymakers.
December 6, 2020 3:15 pm
“Yuan appreciation is supported by China’s economic fundamentals,” said Yu Yongding, an influential government economist who previously advised the People’s Bank of China. “We don’t need to intervene.”
Making all this in many ways an exploitation of the global free trade rule based system shown clearly in their CNY which they devalued at will to counter tariffs last year and now let strengthen at an opportune economic period perhaps in part to buy cheap western companies in distress.
https://www.trustnodes.com/2020/12/06/let-the-yuan-rise-say-chinese-policymakers