China's Vice-Premier Liu He speaks with US President Donald Trump during a trade meeting in Washington. Photo: AFP

China’s capital outflows widen, but US trade war currency deal could ease pressures

  • French bank Natixis and Morgan Stanley agree wealth continued to leave China in September despite government maintaining cross-border flows were stable
  • Negotiators are believed to be discussing a currency provision in trade truce deal that may help ease pressure on the yuan and help limit outflows
Topic |   China economy

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China's Vice-Premier Liu He speaks with US President Donald Trump during a trade meeting in Washington. Photo: AFP
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US Trade Representative Robert Lighthizer, Chinese Vice Premier Liu He and US Treasury Secretary Steven Mnuchin during trade talks in Washington in October. Photo: Kyodo

China, US agree to keep yuan exchange rate stable as part of trade deal, Beijing confirms

  • Chinese economic official confirms trade deal between Washington and Beijing will include currency clause to keep the yuan ‘basically stable’
  • Currency agreement could pave the way for the US to remove its designation of China as a currency manipulator
Topic |   US-China trade war

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US Trade Representative Robert Lighthizer, Chinese Vice Premier Liu He and US Treasury Secretary Steven Mnuchin during trade talks in Washington in October. Photo: Kyodo
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