A yearlong U.S.-China trade war boiled over on Monday as Washington accused Beijing of manipulating its currency after China let the yuan drop to its lowest point in more than a decade.

China will be ‘pumping money’ to offset tariffs, Trump says.

The quiet revolution Blinder described in 2004 is underway in Beijing. True, the PBOC has plenty of room for further improvement in its communication and exchange-rate policies. But its progress so far is good news for China and international policymakers alike.

The issue of currency manipulation remains one of the thorniest issues to be hammered out during the final rounds of US-China trade talks. So far, negotiations have not reached consensus on a mechanism for dispute resolution that could satisfy both sides.

China says it's able to keep its yuan stable.

China's central bank announced measures to lower financing costs and spur growth amid concerns over the country's economy.

Chinese Premier Li Keqiang said on Tuesday there exists no basis for continued depreciation of the Chinese currency yuan (the RMB), and the exchange rate will be kept "basically stable at an adaptive and equilibrium level."

The Chinese central bank has announced a fifth cut on interest rates since November of last year, along with lowering the requirement reserve ratio (RRR), as the country aims to revive the real economy.

China’s central bank poured the largest amount of cash into the financial system on a single day in almost 19 months, signaling Beijing’s growing concerns about capital flowing out of the country following the recent weakening of its currency.