Ex-PBOC adviser Li: "Extremely unlikely" for China to devalue its currency for trade war

Former adviser to the People’s Bank of China (PBOC) Li Daoku was reported by Reuters, as saying that that it is "extremely unlikely" for China to devalue its currency to deal with a trade war against the US.

Earlier today, China’s Vice Premier Liu said that he will be visiting Washington next week to resume trade talks with the Trump administration, White House said on Monday.