A weak yuan will help strengthen China’s coronavirus-battered economy, but only for now

Sometimes, too much of a good thing can be a distraction from what really matters. Right now, China’s economy is enjoying a big break from the weak renminbi – no bad thing when the nation’s struggling export industries need every bit of help they can get before global recovery finally gets going again. But Beijing should not get too carried away, as the renminbi’s competitive advantage is unlikely to last long.The renminbi’s weakness is simply the corollary of a strong dollar, inflated by safe…

Read the original article at South China Morning Post