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

Financial Times   •
©The Financial Times Limited 2020 Dec 17, 2024 / 12:21 PM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.

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

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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