China targets economy, not Trump, with weaker yuan

CHINA is letting the yuan slide primarily to combat a slackening economy, as the government rolls out more pro-growth measures amid an intensifying trade feud with the U.S.

At the same time, government advisers and economists say the nation’s leaders will refrain from actively devaluing the currency to hit back at the Trump administration. “China has no intention to turn the trade war into a currency war,” said an official involved in policy making.