yeah of course, you said and we believed, what did you Chinese think to yourself? all people are naive except you!! Market did it?!!! you must be kidding us!!!
China’s central bank denies it’s devaluing country’s currency to counter tariffs
China has allowed its yuan to break through 7 against the dollar for the first time since 2008, but it insisted the move is not “competitive devaluation.” “As a responsible big country, China will abide by the spirit of the G20 leaders’ summit on the exchange rate issue, adhere to the market-determined exchange rate system, not engage in competitive devaluation, and not use the exchange rate for competitive purposes and not use the exchange rate as a tool to deal with external disturbances such as trade disputes,” The People’s Bank of China governor Yi Gang said in a statement on Monday. The onshore ... (full story)