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The Nexus
BUSINESSJun 19 · 16:32 UTCSCMP CHINAFinbarr Bermingham

Germany hews EU’s tough China line with call for ‘Plaza Accord’ talks on yuan

German Chancellor Friedrich Merz stated the Chinese yuan is undervalued by 30%, exceeding the IMF's 16% estimate, and accused China of flooding markets with subsidized products and non-convertible currency. He called for 'Plaza Accord'-style negotiations to address these economic practices.

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Friedrich MerzpersonGermanyplaceChinaplaceEuropean CouncilorganizationInternational Monetary Fundorganizationyuantopicsubsidiestopiccurrencytopic
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