U.S.'s Kudlow Trash Talks China Calling It ‘Lousy Investment’
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White House economic adviser Larry Kudlow said the yuan is falling partly because China is a “lousy investment,” trash talking the world’s second-largest economy after it threatened more retaliatory tariffs on U.S. exports.
“Some of the currency fall though I think is just money leaving China because it’s a lousy investment, and if that continues that will really damage the Chinese economy,” Kudlow said in a Bloomberg Television interview Friday with Jonathan Ferro.