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China poised to spark huge economic upset as Beijing mulls 'nuclear option' to boost trade | World | News

China has been tipped to be working towards devaluing the Chinese yuan to amplify exports by making goods cheaper - a move that could worsen its ongoing trade dispute with the US.

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China's yuan tools seen keeping currency flexible, but Beijing downplays West's devaluation concerns

Authorities use down-to-Earth language to ease minds and shore up markets at a time when the economy is sputtering and the yuan has again dropped below the key psychological point of 7.0 against the US dollar.

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