“The yuan is part of the policy architecture that shapes global imbalances, not a decorative outcome that sits outside it,” argue Anantha Nageswaran, the chief economic adviser to the Indian government, and P.S. Srinivas, a professor, in a guest essay
Illustration: Sam Kerr
The Yuan is one of the most undervalued currencies in the world. Its weakness cools be misconstrued as a strategic valuation to help Chinese exports. An RMB appreciation is likely to initiate a revaluation in Chinese assets, similar to the episode in 2005.
Yesterday at Bloomberg China Open 9:30am
The onshore yuan strengthened past 6.75 per U.S. dollar on Thursday, reaching its highest level in three and a half years, supported by shifting U.S. monetary policy expectations and robust Chinese exports.