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

Amanda Lee in Beijing

Published: 5:29pm, 26 Oct, 2018

Updated: 5:29pm, 26 Oct, 2018

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

READ FULL ARTICLE

Amanda Lee

Beijing-based correspondent Amanda Lee covers markets and the economy for the Post, with an interest in China's economic and social landscape. A graduate of the London School of Economics, she joined the Post in 2017 and has previously worked for Thomson Reuters and Forbes.