You are here

China: There's no basis for continued depreciation of yuan

Beijing's move to devalue the yuan drew accusations that Beijing was unfairly supporting its exporters.


CHINA'S central bank, in a bid to reassure jittery global markets after it devalued its currency this week, said on Thursday that there was no reason for the yuan to fall further, given the country's strong economic fundamentals.

As the yuan slid for a third straight day,...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to