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

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
Amanda Lee
Amanda Lee

Updated: 5:29pm, 26 Oct, 2018

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