After the United States labelled China a currency manipulator last August, veteran banker Chen Yuan warned that the trade war between the two giants was evolving into a financial and currency war. When Washington dropped the designation in January, China heaved a sigh of relief, but the respite was momentary.
The dangers of the money markets being a new front in the US-China contest are rising again.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
