Trade war: Is China manipulating the Yuan? | DW News

Trade war: Is China manipulating the Yuan? | DW News
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The US has labeled China a currency manipulator, cranking up trade tensions between the world’s two biggest economies. The decision contributed to uncertainty for investors on international stock markets. The Trump administration’s move to describe China as a currency manipulator follows the sharp weakening of China’s yuan currency, with US officials alleging Beijing devalued its currency to gain an “unfair competitive advantage.” China says it is not using exchange rates as a tool to deal with trade disputes.
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