Yuan shouldn’t be scapegoat of West’s waning competitiveness

https://www.globaltimes.cn/page/202608/1369399.shtml

The idea of creating a new Plaza Accord is being floated by some in the West as a tool to bring down the trade deficit attributed to an allegedly undervalued yuan.

The latest example came from Greg Ip, chief economics commentator for The Wall Street Journal, who claimed in a recent essay headlined “Why the world… Continue reading