Earlier this month, Chinese Premier Li Keqiang said that Beijing was going to improve the mechanism for setting the exchange rate of the yuan.
The yuan`s January devaluation by the People’s Bank of China was the largest since August 2015, when the currency lost over 3 percent against the dollar, triggering a stock market slump around the world.
In late January, Li Keqiang said that China was not planning to continue devaluing the yuan after having achieved basic stability of the currency.
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