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Considering China’s Currency

Considering China’s Currency

The valuation of China’s currency has animated economists for over a decade. After years of pressure from Washington, China floated its currency in 2005, abandoning a strict peg to the U.S. dollar and opting, rather, for an exchange rate pegged to a basket of international currencies. This move created a modicum of wiggle room for the yuan, but U.S.


By CFR, USA.


Macro Economic Policy Resource.