With the US continuously hammering down on China with reciprocal tariffs–the highest amongst Trump's recent tariff sweep, the ...

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The decision comes amid encouraging first quarter growth figures, with GDP recording a 5.4% rise year-on-year.

Among the 11 analysts polled by CNBC, the majority do not see the currency weakening significantly, but rather a gradual depreciation engineered by the PBoC.

But currency stabilization considerations may prompt the People's Bank of China to wait until the U.S. Federal Reserve cuts borrowing costs." The U.S. has imposed tariffs of up to 245% on Chinese ...