China cabinet adviser says yuan strength could hurt China’s export competitiveness


Source: forexlive.com forexlive.com

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Adviser to China's Cabinet with a bit of jawboning? yuan appreciation could weaken China's export competitiveness FX reserves will not riser as fast as before foreign trade to be more balanced The numbers are showing CHina's purchases from the US are well, well short of what is targeted under the phase 1 trade deal, so this chap may be incorrect on that last bullet point.