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Renminbi likely to draw fire as trade tensions mount

China’s reliance on exports is set to fan the flames of protectionism elsewhere

The writer is chief economist at ANZ

The renminbi is likely to increasingly become an issue of international consternation.

China is searching for ways to sustain growth in the face of domestic and global constraints. Internal investment and exports are on course to remain its main strategy but this is also likely to keep fanning the flames of protectionism elsewhere.

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