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Yuan kept stable against US dollar, Trump downplays China tariffs: SCMP daily highlights
From Trump dismissing Beijing’s retaliatory measures to key science breakthroughs, here’s a round-up from today’s China and economy coverage
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Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing.
1. China keeps yuan stable against US dollar: what it means for the trade war
China’s central bank set a stronger-than-expected fixing rate for the yuan against the US dollar on Wednesday, signalling that China does not plan to offset the impact of US tariffs by allowing its currency to weaken.
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