The yuan has appreciated dramatically against $.
Dec work conference promised: “maintain the basic stability of the renminbi exchange rate at an appropriate equilibrium level”
BUT
China targets CFETS index
NOT the dollar and CFETS rate has remained stable.
@HEWeiiiiii @Gavekal https://t.co/siaB8WhVUh
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…