The rap on the ‘global currency war’
Need a G20 primer? Watch Next Media’s US-Sino currency rap battle.
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A world where over-spending countries need to reduce domestic demand and boost net exports, while over-saving countries are unwilling to reduce their reliance on export-led growth, is a world where currency tensions must inevitably come to a boil.
What’s behind the U.S.’s renewed concerns over China’s valuation of its currency?