Yuan’s movement: A bank employee counts US dollar banknotes next to stacks of 100-yuan notes at a bank outlet in Hai’an. Since 2008, the yuan has risen 3.7% versus the US dollar and jumped 35% versus the euro, but slumped 13% versus the yen. — AP
The US government’s decision to label China a currency manipulator after Beijing allowed the yuan to weaken past the symbolic 7-per-dollar level has raised questions about how tightly managed the currency is, and its true value.The following explains the working of China’s currency regime.
> How does China manage the yuan?
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