China is not immune to the charms of symbolic gestures when they serve a diplomatic purpose.
From 2005 to 2014, when US criticism of China for undervaluing its currency was a major bilateral issue, Beijing frequently pushed the renminbi higher in advance of international summits and state visits, only to revert once international attention had faded.
But this time — faced with demands by President Donald Trump to cut the bilateral trade deficit by $100bn — Beijing has few easy options.
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