US trade representative Robert Lighthizer(left) and US Treasury secretary Steven Mnuchin (right) with China's Commerce Minister Zhong Shan during October’s trade talks in Washington. Photo: Bloomberg

China takes further steps to stabilise yuan to aid trade war deal with US$4.3 billion bill sale in Hong Kong

  • Efforts by China to stabilise the yuan exchange rate may facilitate the signing of a phase one trade deal the United States, analysts say
  • China will sell a total of 30 billion yuan (US$4.3 billion) in yuan-denominated securities in Hong Kong on Thursday
Topic |   China economy

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US trade representative Robert Lighthizer(left) and US Treasury secretary Steven Mnuchin (right) with China's Commerce Minister Zhong Shan during October’s trade talks in Washington. Photo: Bloomberg
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Frank Tang

Frank Tang

Frank Tang joined the SCMP in 2016 after a decade of China economy coverage and government policy analysis.