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

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

Cissy ZhouJane Cai
Cissy Zhou and Jane Cai

Updated: 10:04am, 11 Mar, 2019

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