China stabilizes currency but tensions with US remain high
Promises “not to use exchange rates for competitive purposes.”
China’s yuan falls further amid trade war fears
A weaker yuan might disrupt Chinese efforts to shore up cooling economic growth.
China promises not to weaken yuan, criticizes US concern
Tightly controlled yuan has lost almost 10 per cent of its value against the US dollar this year.
Premier says China doesn’t want ‘trade war’ with Washington
Emphasized the shared interests of the world’s two biggest economies.
China to make currency freely traded by 2020
Other countries want Beijing to ease controls that gave Chinese exporters an unfair price advantage.
US lawmakers criticize China’s sudden falling yuan
But Beijing says it’s aimed at making the tightly controlled currency more market-oriented.