Chinas currency hits record low against the dollar

[Mista]

the United States seems to have always believed that the renminbi is undervalued and should need to be appreciated. In 2019, the U.S. Treasury Department even accused China of currency manipulation.

China responds to US after Treasury designates Beijing a 'currency manipulator'

The response from the People's Bank of China comes at a time of rapidly intensifying tensions between the world's two largest economies.

www.cnbc.com

It's a politically motivated move by Trump since he had always believed that the US was 'taken advantage of' by China. China doesn't even meet all the thresholds set by the US.

 

[LakeHawk180]

What rubbish is this

Everything is foreseen. CCP sees one, CCP sees all.

If it seems like China is spiralling downwards, know that it is by design.

 

[Abdul Rehman Majeed]

Everything is foreseen. CCP sees one, CCP sees all.

If it seems like China is spiralling downwards, know that it is by design.

China is an export economy. Weak Yuan is good for China.