Xi Jinping faces Catch-22 with the yuan in 2025

Devaluation offers quick fix for deflation, but would risk instability and Trump's ire

Avatar
20250114 yuan note

 The yuan is testing 17-year lows just days before Donald Trump returns to the White House.  © Reuters

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

If the world has learned anything about Xi Jinping these last dozen years it is this: Watch what China's president does, not what his inner circle says.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.