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