Goldman Sachs economists suggest China should allow its currency, the renminbi, to appreciate gradually to counter global trade barriers and boost domestic demand. Analysts Kamakshya Trivedi and Hui Shan noted that China's economy is bifurcated, with strong exports but weak domestic demand. They believe a stronger yuan would help rebalance the economy and mitigate protectionist pressures, especially from the US. AI
RANK_REASON The item is an analysis and recommendation from a financial institution regarding economic policy.
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