✉news BusinessBanking first seen 12 h ago, last 12 h ago, peak #36
China's central bank denies seeking advantage through currency depreciation
Original: China has no intention to gain trade advantages by depreciating exchange rate: central bank
China's central bank has stated that the country has no intention of gaining trade advantages by depreciating the exchange rate. The declaration comes amid ongoing scrutiny of the yuan's value and its role in China's trade relations, with the bank moving to reassure trading partners and markets that Beijing is not pursuing a weak-currency strategy to boost exports.
Why now: Currency policy is under close watch amid trade tensions and concerns about the yuan's value.
Evidence
- China has no intention to gain trade advantages by depreciating exchange rate: central bank · CGTN Radio
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