China`s yuan falls against dollar, helping exporters
(WorldNews China)

BEIJING (AP) - China`s central bank is allowing its tightly controlled currency to drift lower against the dollar, a move that could help Chinese exporters cope with U.S. tariff hikes but also might reignite an outflow of capital Beijing spent months trying to stanch. On Friday, the yuan dipped to a 12-month low of 6.8 to the dollar, off by 7.6 percent since mid-February. The slide comes amid a deepening U.S.-Chinese tariff fight that prompted suggestions Beijing might weaken the yuan to help exporters. But financial analysts say while trade tensions rattle investors, the decline has been driven mostly by China`s slowing economic growth...