Opinion Piece: China’s Currency Slide Adds to Its Economic Headaches
Bruegel Senior Fellow Alicia García-Herrero gives a rundown of China’s economic challenges, while zooming in on the depreciation of the yuan. What positive and negative impacts has the depreciation had on the Chinese economy, what has driven the depreciation, why does the PBOC seem comfortable with this state of the yuan, and how may a future weakening of the dollar come to the yuan’s rescue? All questions Alicia García-Herrero touches upon in this commentary piece.
