| After 20 years, the Chinese government must be used to being bashed by U.S. politicians and Congress for unfair trade practices or, as Trump has declared many times, being a “currency manipulator.”
Indeed, the exchange value of the yuan (also know as the renminbi or RMB) is fixed each morning by its central bank, the People’s Bank of China (PBoC), with a narrow band of only 2 percent allowed, up or down, within which market forces can have their say. In effect, it is an exchange rate set and controlled by the PBoC...............................................Full Article: Source
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