China moves to stabilise currency, retreating from effort to ease control

Hong Kong

CHINA has made a big show of gradually loosening its grip on the value of its currency, an effort meant to mollify critics such as President Donald Trump and specialists who have long urged Beijing to let markets fix financial problems in the world's second-largest economy.

On Friday, however, the Chinese government said, in effect, "never mind". Chinese officials said that they were "consi…