China’s Currency Move May Revive Dispute During State Visit

August 11, 2015 9:51 PM

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China’s Currency Move May Revive Dispute During State Visit

HONG KONG — As President Xi Jinping of China prepares for a state visit to Washington next month to smooth over troubled relations, his government has just turned the spotlight back on what had been a fading issue: the value of his country’s currency.

The currency, the renminbi, is part of the fabric of the global economy, providing a way for China to further its diplomatic and overseas investment goals. The renminbi is also an important tool for the leadership’s domestic agenda, namely supporting its economy.

Also read: Donald Trump Speaks To Taiwan's President, Reversing Decades Of U.S. Policy

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