China’s central bank has for the first time disclosed details of the China-US trade talks involving the yuan exchange rate. Photo: Xinhua

China has made a clear effort to keep yuan exchange rate stable, says central bank

  • People’s Bank of China governor Yi Gang says Beijing will not devalue yuan to boost exports or ease trade tensions amid the US-China trade war
  • China’s foreign exchange intervention has long been a political target in the United States and Donald Trump vowed to declare China a currency manipulator in 2016
Topic |   Two Sessions 2019 (Lianghui)

TOP PICKS

China’s central bank has for the first time disclosed details of the China-US trade talks involving the yuan exchange rate. Photo: Xinhua
READ FULL ARTICLE
Cissy Zhou

Cissy Zhou

Cissy joined the SCMP in 2019. Prior to that, she has been a producer at BBC News and investigative reporter at CaiXin Media. She is interested in China's politics and economy.

Jane Cai

Jane Cai

Jane Cai, CFA, is the Beijing Bureau Chief of the South China Morning Post. She has been covering China's economic, financial, business and political news since the early 2000s.