BY DAVID P. GOLDMAN
Movement of the yuan vs the dollar during the past two months has nothing much to do about China
By Mark Beeson, the interpreter: “The American Marshall Plan and China’s grandiose Belt and Road Initiative, which – if realised – will dwarf America’s post-war efforts, are similar in many ways.”
The Trump administration’s willingness to violate trade rules to maximize its negotiating leverage is undermining its most important and most legitimate objective in international trade and investment: persuading China to reform its problematic economic system, in which foreign firms are...