The exchange rate of China's yuan to the dollar hit the symbolic threshold of 7 to 1 at the start of the week, fuelling further speculation about a deliberate move by Beijing to boost support for its exports while engaged in a trade war with the US, the world's largest economy.
The current exchange rate has not reached the 7 to 1 threshold for nearly a decade. The depreciation of the yuan came only four days after the US said it would sanction more Chinese products.
In a statement, the Chi...
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