A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration
October 9, 2018
BEIJING (Reuters) – China’s Foreign Ministry on Tuesday said remarks by a U.S. Treasury official about the yuan’s depreciation <CNY=CFXS> were groundless and irresponsible.
China will not use the yuan exchange rate as a tool in the trade dispute with the United States, Foreign Ministry spokesman Lu Kang told reporters in a regular briefing.
On Monday, a senior U.S. Treasury official said the United States remains concerned about China’s recent yuan depreciation and is closely monitoring yuan developments.
(Reporting by Michael Martina; Writing by Stella Qiu; Editing by Shri Navaratnam)
