US-China economic talks put spotlight on yuan exchange rate as currency continues to surge

The rapid appreciation of the yuan against the US dollar recently is likely to draw increased scrutiny from the Biden administration of China’s opaque exchange rate mechanism, as high-level trade talks resume between the world’s two biggest economies, analysts say.China’s top trade negotiator Liu He held a virtual meeting with US Treasury Secretary Janet Yellen on Wednesday morning, just days after he had a conversation with US Trade Representative Katherine Tai that represented the first…

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