Economy China studying yuan depreciation as a tool in U.S. trade row

China studying yuan depreciation as a tool in U.S. trade row

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File- U.S. Dollar and China Yuan notes are seen in this picture illustration June 2, 2017.

China is evaluating the potential impact of a gradual yuan depreciation as a tool in the escalating trade dispute with the United States, Bloomberg News reported on Monday, citing people familiar with the matter.

Senior Chinese officials are studying a two-pronged analysis of the yuan that was prepared by the government, the people said, but the analysis doesn’t mean officials will carry out a devaluation, which would require approval from top leaders, according to Bloomberg.

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