{
  "id": 13076391,
  "title": "China rejects yuan complaints, ‘golden week’ travel, Canton Fair",
  "url": "https://urgent.news/2026/10/09/china-rejects-yuan-complaints-golden-week-travel-canton-fair-13076391",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T09:02:34.000Z",
  "source": {
    "name": "Reuters Business via SCMP",
    "slug": "reuters-business-via-scmp",
    "url": "https://www.scmp.com/plus/economy/china-economy/article/3370339/china-rejects-yuan-complaints-golden-week-travel-canton-fair"
  },
  "original_language": "en",
  "account": null,
  "summary": "China's central bank has denied that the yuan is undervalued, stating that it has no intention of gaining competitive advantages through currency devaluation. According to the People’s Bank of China, the country has never resorted to competitive devaluation.\n\nDuring the seven-day National Day holiday, China recorded 2.14 billion cross-regional passenger trips, with an average of 306 million journeys per day, up 0.7 per cent from a year earlier, according to the Ministry of Transport. The holiday box office fell 36.5 per cent to 1.165 billion yuan from a year earlier, as reported by CCTV.\n\nThe US 10-year Treasury yield reached a 24-year high of 5.36 per cent, while the 30-year yield also hit a 24-year high of 5.7 per cent. The yield gap between US and Chinese government bonds has widened, with the 10-year US Treasury yield at 5.22 per cent compared to 1.69 per cent for Chinese government bonds.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "South China Morning Post",
        "title": "China rejects yuan complaints, ‘golden week’ travel, Canton Fair",
        "url": "https://urgent.news/2026/10/09/china-rejects-yuan-complaints-golden-week-travel-canton-fair",
        "published": "2026-10-09T09:02:34.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}