ASEAN Limits Chinese Imports: Impact on Chinese Yuan?
ASEAN nations are now looking forward to restricting Chinese imports. The ten-nation bloc is embracing this direction due to fears of overdependence on China for goods and services, which could impact the Chinese Yuan. The move is set to bolster regional industries and collectively check Chinese imports to evade overdependence and reliability fears, potentially affecting the Chinese Yuan’s stability. Also Read: Ripple: AI Predicts XRP’s Price After SEC Victory ASEAN to Curb Chinese Imports Source: orfonline.org ASEAN nations are tightening their stance on Chinese imports. They look forward to imposing specific trade barriers on Chinese imports as fears of over-dependence and reliability loom over their collective heads. The ten-nation bloc is currently strictly promoting its regional industries to strengthen its internal ties. ASEAN Trade Complaints and Export Growth Per SCMP, China has recorded 96 complaints concerning the trade restrictions. On Wednesday, the nation confirmed that it...