Chinese authorities may consider a weaker yuan as Trump trade risks loom

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Chinese authorities may consider a weaker yuan as Trump trade risks loom - Business Standard

Quick Summary:

While the central bank is unlikely to say it will no longer uphold the currency, it will emphasize allowing the markets more power in deciding the yuan's value, a second source with knowledge of the matter said.

Allowing the yuan to depreciate next year would deviate from the usual practice of keeping the foreign exchange rate stable, the sources said.

China's top leaders and policymakers are considering allowing the yuan to weaken in 2025 as they brace for higher US trade tariffs in a second Donald Trump presidency.