Merz Urges China Currency Talks Over 25% Undervalued Yuan

1 articles · Updated · Bloomberg · Jul 13

Friedrich Merz said the yuan has been undervalued by 25% “for years” and renewed his call for talks with China on exchange-rate concerns.
The German chancellor framed the issue as a trade distortion, saying an artificially weak Chinese currency gives the world’s second-largest economy an unfair advantage as trade worries rise.
Merz made the remarks Monday in response to a question on Chinese trade while speaking to students at Cologne University at the opening of the Adenauer School of Government.