China’s Vice-Premier Liu He is expected to sign the phase one trade deal with the US President Donald Trump in Washington next week. Photo: Bloomberg

China seen to be complying with US trade war deal by allowing market forces to dictate yuan exchange rate

  • The phase one trade deal between China and the United States, set to be signed next week, is expected to include clauses prohibiting currency manipulation of the yuan
  • The yuan has started the year strongly due in part to seasonal needs by Chinese exporters for cash ahead of the Lunar New Year holiday
Topic |   Currency war

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China’s Vice-Premier Liu He is expected to sign the phase one trade deal with the US President Donald Trump in Washington next week. Photo: Bloomberg
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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.