Nilesh Shah says China’s $1 trillion trade surplus is built on an undervalued yuan, not just on innovation and competitiveness
China’s massive $1 trillion trade surplus has once again come under scrutiny, with Nilesh Shah, a prominent market expert and member of India’s Economic Advisory Council to the Prime Minister (EAC-PM), arguing that the surplus is not solely the result of innovation and competitiveness but is significantly aided by an undervalued yuan. His remarks highlight…