The yuan rose 0.51 per cent to 6.7242 per dollar in China on Wednesday after earlier in the day rallying by as much as 0.58 per cent, its biggest daily gain since January 25. Photo: Reuters

Donald Trump’s demand for stable yuan to end US-China trade war ‘acceptable’ to Beijing

  • Report suggests United States wants China to keep the value of the yuan stable as part of trade negotiations between the world’s two largest economies
  • Move by Washington aimed at neutralising any effort by Beijing to devalue its currency to counter American tariffs during the ongoing trade war
Topic |   China economy

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The yuan rose 0.51 per cent to 6.7242 per dollar in China on Wednesday after earlier in the day rallying by as much as 0.58 per cent, its biggest daily gain since January 25. Photo: Reuters
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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.