The yuan, or renminbi, is the national currency of China, the world's second largest economy. The International Monetary Fund (IMF) has announced the currency's admission into its basket of reserve currencies.
China's currency, the yuan, has come under renewed pressure amid spoeculation that Beijing would permit more depreciation. This page collates recent DW content on the topic.
Despite months of relative optimism over Sino-US trade talks, things have hit the skids in recent days with US tariff hikes on Chinese imports. Market reaction has been negative and all eyes are now on China’s response.
US media report that Washington wants Bejing to promise it will not devalue the yuan currency as part of a trade deal. The measure would aim to neutralize any effort by Beijing to counter American tariffs by devaluing its currency.