The yuan has dropped about 4 per cent against the US dollar so far this month. Photo: AFP

China could depreciate yuan further if trade war escalates, IMF says, rebuking currency manipulator charge

  • International Monetary Fund says the recent Chinese yuan weakening, which sparked currency war concerns, is in line with market ‘fundamentals’
  • IMF shuns thorny question over whether China is a ‘currency manipulator’ as alleged by US President Donald Trump in annual review
Topic |   US-China trade war

TOP PICKS

The yuan has dropped about 4 per cent against the US dollar so far this month. Photo: AFP
READ FULL ARTICLE