China Debates Yuan Strength Amidst Global Currency Discussions
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China Debates Yuan Strength Amidst Global Currency Discussions

While former U.S. President Trump desires a weaker dollar, some Chinese economists suggest a stronger yuan could boost China's consumption and economic recovery. European Central Bank President Christine Lagarde noted attention is being paid to the renminbi's current situation. Historically, a strong currency has been associated with great-power status, a concept some in China are now debating in relation to their own economic ambitions.

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