China may not weaken yuan significantly

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Chinese offshore yuan

CNBC

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World

China unlikely to aggressively devalue yuan to offset impact of U.S. tariffs, economists say

Summary

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86% Informative

China may not be be able to weaken the yuan substantially to offset the impact of higher U.S. tariffs, according to a majority of market watchers CNBC spoke to.

A sharp devaluation could trigger capital outflows and create financial market instability, the experts said.

China 's central bank is likely to opt for an orderly and gradual depreciation.

Capital Economics sees the yuan depreciating significantly if the U.S. and China keep in place.

China may be more likely to utilize domestic stimulus to offset lost trade and project market stability, a portfolio manager said.

The PBoC reaffirmed its plans for a "moderately loose" as Beijing gears up for heightened uncertainty amid the global trade war.

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formal

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English