China Says It Won't Devalue Currency to Bolster Exports

Credit: Wochit News
Published on July 23, 2018 - Duration: 00:35s

According to Reuters, China said on Monday the value of its currency is driven by market forces and that it has no intention to devalue the yuan to help exports.

The statement from China comes after Washington said it was monitoring the currency’s weakness amid the escalating bilateral trade row.

The Chinese Foreign Ministry also said that threats and intimidation on trade would never work on China, after U.S.

Advertisement

China Says It Won't Devalue Currency to Bolster Exports

CHINA OUT, JULY 6, 2018 FILE PHOTO

Recent related news from verified sources

NEW ERA, NEW SPORTS, NEW LIFE, GO IGNITE! GUANGZHOU, China, Oct. 9, 2018 /PRNewswire/ -- The Press Conference for the 2018 China Sports Culture Expo and China...
1 week ago • PR Newswire Asia

The Trump administration plans to limit China's influence in the world.The recent actions of the American authorities in relation to China can hardly be called...
6 days ago • PRAVDA

Recent related videos from verified sources

China says won't weaken currency to boost exports, as U.S. tariffs mount 01:45
Credit: Reuters Studio - Published on September 19, 2018 

China Says Won't Weaken Currency To Boost Exports 00:45
Credit: Wochit News - Published on September 19, 2018 

China's currency woes in 90 seconds | FT Markets 01:57
Credit: Financial Times - Published 1 week ago 

China September Exports Surge, Creating Record Surplus With U.S. Despite Tariffs 00:27
Credit: Wochit - Published 3 days ago 

You might like