Opinion: Can the Yuan-Dollar Exchange Rate Reach 5?
Could you imagine the yuan’s exchange rate with the U.S. dollar reaching 5?
At the end of 2019, the exchange rate was in the neighborhood of 7. I attended a small seminar on economics and gave a speech saying that the exchange rate might eventually reach 5. There was an awkward silence in the room after hearing my view; some even wore a look of disdain.
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