Economic news

China acts to counter the yuan fall

Chinese currency and shares have been falling under the influence of the country's economy easing and the trade conflict with the U.S. Shanghai’s benchmark share index is keeping as low as a two-year minimum.

The yuan dropped to the least mark versus the U.S. dollar in almost a year today, though later it recovered on news that Beijing had interfered to prop up the yuan.

China’s manufacturers could benefit from a lower yuan by offering products at a lesser price, but then the country risks escalation of tensions with Washington.


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