A general view of Jianguo Road in Beijing, China, as the country is hit by an outbreak of the new coronavirus, February 2, 2020. Photo: Reuters

Coronavirus: China unlikely to defend falling yuan, despite US trade deal pressure, analysts say

  • Coronavirus outbreak has sent the Chinese yuan below the psychologically important rate of 7 to the US dollar this week
  • Same barrier led Donald Trump to brand China a ‘currency manipulator’ last year, but conditions different this time, analysts said
Topic |   Coronavirus outbreak

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A general view of Jianguo Road in Beijing, China, as the country is hit by an outbreak of the new coronavirus, February 2, 2020. Photo: Reuters
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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.