20 Hrs
Source:
الاقتصادية
Lagarde highlights yuan undervaluation
European Central Bank President Christine Lagarde urged world leaders to discuss the depreciation of the Chinese yuan, considering it one of the economic imbalances threatening the global economy. She pointed out that the yuan is estimated to be undervalued by approximately 15% to 16%, with China experiencing setbacks in sectors like luxury cars due to decreasing domestic commodity prices, amid escalating trade tensions between China and major economies.
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