February 25, 2017

"US President Donald Trump on Thursday declared China the 'grand champions' of currency manipulation, indicating he has not 'held back' in his previous assessment. His statement, made during an interview with Reuters, came hours after his new Treasury Secretary Stephen Mnuchin pledged a more methodical approach to analyze Beijing's foreign exchange practices.

Trump also told Reuters that China could solve the national security challenge posed by North Korea 'very easily if they want to.'

The impression Trump left was that he has been talking about China based on his own imagination. He knows nothing about China's currency policies and had no idea about the nature of Sino-North Korean relations. "

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