Beijing has defended its currency against breaking the politically 7.0 level in recent years. Photo: Xinhua

China exchange rate drop could continue into 2020 as it tries to offset US tariff impact, analysts say

  • Beijing’s decision to let yuan fall below key 7.0 level against US dollar means it has decided to use yuan as tool to fight the trade war, analysts said
  • Some analysts see yuan weakening to 7.2 to the US dollar, about a 5 per cent depreciation from its exchange rate before the start of the trade war
Topic |   China economy

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Beijing has defended its currency against breaking the politically 7.0 level in recent years. Photo: Xinhua
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