You are here

China's central bank not seeking yuan depreciation

Currency has lost more than 5% since mid-June and 7% since mid-April; downward pressures to continue as headwinds build

On Friday, the yuan dropped below 6.8 to the US dollar as it fell for the seventh consecutive week.


AS the yuan weakens amid the escalating trade row with its main trading partner, the Chinese government is unlikely to let its currency depreciate much more, analysts said.

The yuan has lost more than 5 per cent since mid-June and 7 per cent...

BT is now on Telegram!

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