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Ep. 318: Brad Setser on Trump Tariffs, China’s Surging Surplus and Dollar Policy

Macro Hive Conversations With Bilal Hafeez

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Managing Currency: China and Japan's Strategic Approaches

This chapter explores China's sophisticated currency management techniques, focusing on the role of state banks and the central bank in foreign exchange operations. It also compares China's approach to that of Japan, especially in the context of rising pressures for currency appreciation and public dissatisfaction.

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