After a decade of steady appreciation against the U.S. dollar, investors had become accustomed to the yuan's stability and growing strength. The drop, which amounted to 4% over the s… See more

Chinese President Xi Jinping had pledged the government’s commitment to reform China’s economy in a more market-oriented direction when he first took office in March 2013. That made … See more

Although a lower-valued yuan would give China somewhat of a competitive advantage, trade wise, the … See more

For the Indian economy, a weaker Chinese currency had several implications. As a result of China's decision to let the yuan fall against the dollar, demand for dollars s… See more

Despite the IMF’s response, many doubted China’s commitment to free-market values, arguing that the new exchange rate policy was still akin to a managed float. Some charged that the devaluation was just anoth… See more

Currency devaluation is nothing new. From the European Union to developing nations, many countries ha… See more

The Chinese yuan generally depreciated against the U.S. dollar between 2015 and 2019, leading to charges of currency manipulation. The U.S. Tre… See more