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China, its Currency Brace for Impact of Trump Policies

On his first day in office, U.S. President-elect Donald Trump has said that one of the seven acts he will take to protect American workers is to label China a currency manipulator. Although analysts in China and in the United States are skeptical that he will follow through on that pledge and others such as tariffs on Chinese goods, Beijing is nervous, nonetheless. Bracing yuan Since Trump was elected last week, China’s currency has not only slipped to eight-year lows, dropping below a...

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