Reported about 15 hours ago
Chinese authorities are contemplating the depreciation of the yuan in 2025 to counteract potential trade tariffs as Donald Trump returns to the presidency. This strategy aims to enhance China's export competitiveness and stimulate economic growth amidst increasing pressure from U.S. trade policies. While discussions indicate a possible weakening of the currency, experts caution that such a move could provoke retaliatory tariffs from other nations, complicating China's trade relations.
Source: YAHOO