Joel A. Gallo, CEO, Columbia China League Business Advisory Co.
Nov 10, 2020
The People’s Bank of China is pressing forward with a digital yuan, which leaves China’s digital currency plans significantly ahead of western nations’. While the U.S dollar has dominated global trade since WWII, the yuan, whether digital or analog, will have a leading role in challenging the hegemony of the dollar.
Yu Yongding, Former President, China Society of World Economics
Sep 12, 2019
In early August, the renminbi’s exchange rate broke through the psychological threshold of CN¥7 per US dollar. While investors were still digesting the full significance of this event, US President Donald Trump’s administration startled the market by labeling China a “currency manipulator.”
Zhang Monan, Senior Fellow, China Center for International Economic Exchanges
Aug 19, 2019
The labeling of China as a currency manipulator by the United States is not only an incorrect assessment of the current economic situation, but also poses a significant threat to the future of the world economy.
Aug 06, 2019
A yearlong U.S.-China trade war boiled over on Monday as Washington accused Beijing of manipulating its currency after China let the yuan drop to its lowest point in more than a decade.
Christopher A. McNally, Professor of Political Economy, Chaminade University
Mar 07, 2019
The issue of currency manipulation remains one of the thorniest issues to be hammered out during the final rounds of US-China trade talks. So far, negotiations have not reached consensus on a mechanism for dispute resolution that could satisfy both sides.
Yu Yongding, Former President, China Society of World Economics
Mar 01, 2019
China must think twice before accepting the U.S. request to stabilize the renminmi.
Ben Reynolds, Writer and Foreign Policy Analyst in New York
Feb 28, 2019
In a rare harmony of interests, both China and the United States are pushing to stabilize the yuan. What remains to be seen is how this hypothetical agreement will bear on China’s long-term journey toward the yuan becoming one of the world’s principal reserve currencies.
Oct 26, 2018
China says it's able to keep its yuan stable.
Sep 27, 2018
China chooses not to follow the U.S. Federal Reserve to raise its short-term rates, putting pressure on the yuan.
Derek Scissors, Resident Scholar, American Enterprise Institute
May 10, 2018
The Chinese government won’t devalue the yuan against the dollar, for reasons which may surprise both policymakers and mainstream economists.