The People’s Bank of China has “multiple policy tools” to defend the yuan, its deputy governor said on Friday. Photo: Reuters

Beijing ‘will not use yuan as trade war weapon’ as it hits two-year low of 6.97 to US dollar

  • China’s central bank rejects allowing devaluation to help exporters
  • Country’s foreign exchange chief warns those betting on weakening currency that it will be defended
Topic |   China economy

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The People’s Bank of China has “multiple policy tools” to defend the yuan, its deputy governor said on Friday. Photo: Reuters
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