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