China is not a currency manipulator because it does not fit the US Treasury's own definition of what a currency manipulator is. There is a difference between a country managing its currency, and manipulating it. And China's slight devaluation is a clear case of crisis management, not retaliation. On Monday, China allowed its currency, the yuan, to depreciate to a level unseen in decades — 7 yuan to $1. The world of finance immediately panicked.
China is not a currency manipulator because it does not fit the US Treasury's own definition of what a currency manipulator is. There is a difference between a country managing its currency, and manipulating it. And China's slight devaluation is a clear case of crisis management, not retaliation. On Monday, China allowed its currency, the yuan, to depreciate to a level unseen in decades — 7 yuan to $1. The world of finance immediately panicked.
lopezlinette Missed opportunity: 'it makes literally no cents...'
lopezlinette none since that’s what they were doing
lopezlinette So just your average Tuesday then.
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