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

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

Frank Tang
Frank Tang

Updated: 9:30am, 30 Aug, 2019

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