A screen showing stock prices at a securities company in Beijing on August 5. GREG BAKER/AFP/GETTY IMAGES
Welcome to the first edition of Foreign Policy’s China Brief, where every week we’ll bring you news and analysis from the most populous country in the world: the one with the angriest crowds, the hottest tech, and the smelliest dofu. I’m James Palmer, a senior editor at FP previously based in Beijing for 15 years. Every week, I’ll break down the news and explain it here.
What we’ve got today: China and the United States go tit for tat over currency, Hong Kong is split between police and protesters, and China criticizes India over Kashmir and Huawei.
Trump Accuses China of Manipulating the Yuan
A cease-fire in the ongoing U.S.-China trade war seems a long way off. This week, U.S. President Donald Trump directed the U.S. Treasury to officially designate China as a “currency manipulator” after Beijing allowed the yuan to depreciate below the symbolic level of 7 yuan to the U.S. dollar. The change itself is less than 2 percent—a smaller adjustment than market-driven fluctuations last summer—but the psychological threshold is an important one. Tiếp tục đọc “Is China Starting a Currency War?”











