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The world does not need a new 'Plaza Accord': Global Times editorial

RMB Photo:VCGFollowing the recent EU summit, German Chancellor Friedrich Merz stirred controversy over the renminbi exchange rate, claiming that the currency was undervalued by as much as 30 percent and citing the 1985 "Plaza Accord" - which plunged Japan into its "lost decades" - as a solution. Mea...

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