Beijing has allowed the Chinese yuan, or renminbi (RMB), exchange rate to weaken, with the offshore yuan falling to 7.4290 per U.S. dollar amid escalating U.S.-China trade tensions. On April 8, the People’s Bank of China (PBOC) set the yuan’s centralRead more https://www.theepochtimes.com/china/countering-us-tariff-hikes-yuan-exchange-rate-falls-below-7-4-post-5838970