Chinese 100 yuan banknotes are seen on a counter of a branch of a commercial bank in Beijing, China. Photo: Reuters

China talks up the value of yuan as Donald Trump’s trade war hits currency rate

  • Head of the State Administration of Foreign Exchange says will keep the yuan stable at a ‘reasonable and balanced level’, despite tariff pressure
  • Analysts now expect yuan to stay above the psychologically important level of 7.00 to the US dollar at least until midyear
Topic |   China economy

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Chinese 100 yuan banknotes are seen on a counter of a branch of a commercial bank in Beijing, China. Photo: Reuters
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