US tax bill means weaker CNY
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
Everyone in the US is focused on the tax bill going through Congress right now.
And so are traders in China.
Why? They are concerned that a substantial reduction of the US corporate tax rate will bring corporate cash back to the US – sending the USD soaring.
Why it matters:&nbs...