Germany Backs EU’s Tough China Line with Call for ‘Plaza Accord’ Talks on Yuan
10 Articles
10 Articles
In order to reduce exports, China has been preventing the appreciation of its currency for years. If the yuan were valued fairly, the German gross domestic product would probably be billions of euros higher.
In order to reduce exports, China has been preventing the appreciation of its currency for years. If the yuan were valued fairly, the German gross domestic product would probably be billions of euros higher.
German Chancellor Friedrich Merz called for international talks about exchange rates as part of the European Union’s resolve to address its deepening trade deficit with China.
China floods the world market with cars, parcels and machines. Now the EU wants to respond with a new trade policy to protect the local industry. Chancellor Merz is only cautious about this.
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