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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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.