#China ’s CB rejected claims that the #yuan is #undervalued as trade talks proceed with the EU, where officials have increasingly blamed trade imbalances on the exchange rate, chart @economics www.bloomberg.com/news/article...
@acemaxx.bsky.social
@acemaxx.bsky.social#China ’s CB rejected claims that the #yuan is #undervalued as trade talks proceed with the EU, where officials have increasingly blamed trade imbalances on the exchange rate, chart @economics www.bloomberg.com/news/article...
@acemaxx.bsky.socialI would distinguish 3 questions that are often conflated in the currency debate:
Is the #yuan #undervalued, and how reliably can we measure that?
Does the exchange rate explain #China ’s export success and the #EU ’s #trade deficit?
What economic adjustment would actually reduce global imbalances?
@zachburma.bsky.socialCourtney Williams, a hidden gem 💎 with a PIPN score of 73.35 and 95.95 Jordn percentile, is highly undervalued. Media buyers, grab this opportunity for high engagement at lower costs. #Undervalued