Nilesh Shah says China’s $1 trillion trade surplus is built on an undervalued Yuan, not just on innovation and competitiveness
China’s trade surplus has crossed a staggering $1 trillion in just 11 months, and a lot of articles have attributed this to Chinese innovation and competitiveness, but the one factor not credited enough is the undervalued Chinese Yuan, said Nilesh Shah, Managing Director of Kotak Mutual Fund. Shah believes that while these factors do play … Read more