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18 August 2017 08:49 (South Africa)

China escapes currency censure, again

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

The US Treasury released its six-monthly currency report on Thursday, in which, once again, it failed to name and shame China as a currency manipulator. Legislators from both parties think the yuan is overvalued, but the Treasury has taken a wait-and-see approach, in the hope that China's recent move to unpeg the yuan from the dollar will see the Chinese currency grow strongly. Read more: Reuters

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

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