News Analysis
Weakening Hong Kong’s currency peg to the U.S. dollar may be more consequential for China’s economy than imposing tariffs on imports, according to experts.
Weakening the Hong Kong Dollar May Hurt China More Than Tariffs Would, Experts Say
Beijing’s growing grip on Hong Kong is transforming the financial hub into a tool for advancing the yuan’s global influence.
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A man looks on in front of a currency exchange booth in Hong Kong on Oct. 22, 2012. Philippe Lopez/AFP via Getty Images
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