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Europe wants a new Plaza Accord for China – seriously? (www.scmp.com)

submitted 3 days ago by rss@news.abolish.capital to c/china@news.abolish.capital

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Leaders of the G7 rich nations might have gone into this month’s summit in France hoping for a united front against China. But, overshadowed by the conflicts in Iran and Ukraine and alienated by a mercurial US President Donald Trump, the lacklustre gathering came up short. There was no public agreement on how to address the so-called China shock 2.0, the supposed overcapacity issues and currency manipulation that is considered to be the cause of Chinese exports flooding into Europe. Instead of...

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