A few months after Donald Trump launched his campaign for the U.S. presidency in 2015, he wrote in an opinion piece that one of the first things he would do, on "day one" in the White House, would be to label China as a currency manipulator. He didn't, and nor did he follow through with a threat to apply the label in his first 100 days.
The headquarters of the People's Bank of China in Beijing: On Aug. 5, the central bank allowed the currency to weaken below the 7-yuan-to-the-dollar threshold maintained for more than a decade. © Reuters
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