China rejects yuan complaints, ‘golden week’ travel, Canton Fair

China's central bank has firmly denied allegations that the yuan is undervalued, addressing a major European concern ahead of crucial trade negotiations that could influence the global economic landscape. The rejection of competitive devaluation claims comes amid heightened fears of a potential trade war, emphasizing that China's trade growth stems from industrial expansion rather than currency manipulation. This move is significant as it shapes the dynamics of international trade relations and could impact global market stability.