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Are we headed for a currency war?

First published: Prospect 23/07/2018

Beidaihe, a famous Chinese summer seaside resort, popular with tourists, is situated in north eastern Hebei province, about 300km east of Beijing. China watchers know it, though, because every year around the beginning of August, it hosts a top brass Chinese Communist Party meeting to discuss key policies. Soon it will soon kick off without fanfare, but we can be pretty sure that Donald Trump’s trade war is going to dominate talks, especially as on both sides of the Sino-US divide, warnings are being sounded of a currency war too. This would give world financial markets a bad case of the shakes. Read on….