CHINA THE DRIVER FOR PHILIPPINE ECONOMY – Analysts Doubt Depth of U.S.-China Yuan Pact as Talks Resume

Don’t expect a major pact on China’s yuan. That’s what analysts are saying as U.S. officials arrive in Beijing for another round of negotiations for a comprehensive trade deal. Questions remain over why China would acquiesce beyond existing multilateral commitments to avoid competitive devaluation of the yuan. There’s also skepticism about how any exchange-rate pledge can be enforced in an economy noted for its opacity. Read More @

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