China saves face

Summary:
Trump goads China into supporting their currency exchange rate so they save face and they don't look "weak!"#4Dchess PBOC's Chen: US labeling China as a currency manipulator is wrong https://t.co/QaxuE3at65 — ForexLive (@ForexLive) August 6, 2019 PBOC reportedly tells foreign firms that yuan won't keep falling https://t.co/7JQk0NIQ5L — ForexLive (@ForexLive) August 6, 2019

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