International Monetary

The yuan hasn’t performed this well since 1982, but its rise poses a headache for Beijing and complicates relations with the U.S. Treasury Secretary Steven Mnuchin on a panel with Christine Lagarde, the chief of the International Monetary Fund, in Davos, Switzerland, on Thursday. Credit Laurent Gillieron/European Pressphoto Agency . By Lingling Wei in Beijing and Saumya Vaishampayan in Hong […]

via In Global Currency Game, China Is Losing to U.S. — Peace and Freedom