‘Foolhardy’ to cry manipulation, OMFIF joins EEM Pilot Scheme advisory council
Wednesday 7 August 2019 Vol.10 Ed.32.2
Commentary: ‘Foolhardy’ to cry manipulation
By Mark Sobel and David Marsh
David Marsh, chairman and co-founder of OMFIF, and Mark Sobel, OMFIF’s US chairman, speak again about the renminbi and China’s designation by the US Treasury as a currency manipulator. But Beijing hasn’t intervened to build up reserves for years. In fact, China over the last year had been propping up the...