Germany hews EU’s tough China line with call for ‘Plaza Accord’ talks on yuan
German Chancellor Friedrich Merz signalled a major shift in Berlin’s economic relations with Beijing on Friday, saying t
he Chinese currency was undervalued by 30 per cent, well above the International Monetary Fund’s estimate of “about 16 per cent”. Speaking in Brussels after a European Council summit, Merz said China ...
via South China Morning Post
German Chancellor Friedrich Merz signalled a major shift in Berlin’s economic relations with Beijing on Friday, saying t
he Chinese currency was undervalued by 30 per cent, well above the International Monetary Fund’s estimate of “about 16 per cent”. Speaking in Brussels after a European Council summit, Merz said China ...
via South China Morning Post
