China’s changing yuan fortunes
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China’s competitiveness is on the rise, says Frank FX Gong, senior currency and interest rate strategist at Bank of America in Hong Kong, making the much-discussed yuan devaluation unlikely
Chinese officials have said that by making the yen weaker, Japan is spreading its own economic problem into other Asian economies.
Japan, however, is unlikely to take any notice. In fact, the Bank of Japan and other Japanese officials have complained to China that the yuan is artificially weak against the yen
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