Safety First
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Here's evidence that China is no currency manipulator
S&P Global Ratings has thrown cold water on President Donald Trump's claims of Chinese currency manipulation. A look at key data points provide little indication of Beijing pushing the yuan lower, Paul Gruenwald, Asia-Pacific chief economist at the ratings agency, told CNBC on Thursday. "Ten years ago, the case for Chinese currency manipulation was clear, with all the indicators flashing yellow or red. But if we fast-forward to the present, China comes out looking quite okay." Over the past decade, Beijing's current account has come down from 10 percent of gross domestic product (GDP) to 2 percent, the yuan has ... (full story)