China is effectively weaponizing the exchange rate, economist says

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Julian Evans-Pritchard, senior China economist at Capital Economics, joins CNBCWEX to discuss China's move to allow its currency to fall below the key 7 yuan- per-dollar level for the first time in more than a decade.

Julian Evans-Pritchard, senior China economist at Capital Economics, joins "Worldwide Exchange" to discuss China's move to allow its currency to fall below the key 7 yuan- per-dollar level for the first time in more than a decade.

 

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WEX I don’t get it, if China supports its currency to keep it from falling due to market demand, isn’t that currency manipulation?

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