China firmly opposes currency manipulator label - PBOC

Market news

6 August 2019

China firmly opposes currency manipulator label - PBOC

China firmly opposes a U.S. decision to label it a currency manipulator, its central bank said on Tuesday, adding that Beijing has not used and will not use the yuan to cope with trade frictions with the world’s biggest economy.

Designating China as a currency manipulator seriously harms international rules, the People’s Bank of China (PBOC) said in a statement.

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