China Will ‘Try Very Hard’ to Slow Yuan’s Fall, UBS’ Wang Says

A weaker yuan against the dollar may only give China’s exports a modest boost and Beijing will push to moderate the currency’s decline, according to UBS Group AG.

The yuan is under pressure due to US tariff threats and a strong dollar on the back of upbeat economic data, Wang Tao, the bank’s chief China economist, told Bloomberg Television on Tuesday. A weaker yuan may drive China’s competitors to depreciate their own currencies, she said, moves that would offset attempts to make Chinese exports cheaper.

“Chinese authorities are going to try very hard to ...