China has no need or intention to weaken yuan for trade edge, central bank says

Korea Times News ·
South Korea

BEIJING — China has no need or intention to use yuan depreciation for a trade competitive advantage and has never engaged in competitive currency devaluation, the central bank said, rejecting criticisms from western trading partners including the EU. The central bank remarks push back against claims that China keeps its currency undervalued to make its exports cheaper and imported goods pricier,…

Read original article on Korea Times News →

Related news