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China would baulk at a sweeping Mar-a-Lago accord

Given the need for a weak renminbi to support export growth, a reprise of the 1985 Plaza Accord with Japan is unlikely

©The Financial Times Limited 2020 Dec 17, 2024 / 12:21 PM IST
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The Chinese currency also has dropped to a level against the dollar which is likely to bring it even closer to the attention of Donald Trump as he prepares to return to the White House
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