China’s yuan to remain under pressure amid stalling economic recovery, as central bank weighs moves to stem weakness

China’s yuan is likely to face more pressure in the coming weeks, prompting questions as to whether the central bank will intervene to support its currency, which has weakened by 4.7 per cent against the US dollar since the start of the year.

The yuan eased against the US dollar again on Thursday after having fallen to a seven-month low on Wednesday.