Bloomberg China won’t use its currency as a tool to deal with trade conflicts, central bank Governor Yi Gang said, as a tariff war between the US and the world’s No. 2 economy intensifies. “China will continue to let the market play a decisive role in the formation of the RMB exchange rate,” Yi said in a statement to the ...

Bloomberg Indonesia’s weakening currency is a good thing as it will spur the government to accelerate reforms to bolster the economy, according to Thomas Lembong, chairman of the Investment Coordinating Board. The government will soon outline measures to open up the economy to more foreign investment, Lembong said at the “Bloomberg Modern Markets” conference in Bali, declining to elaborate ahead ...

Bloomberg India is considering a proposal to increase import duties on a raft of products ranging from plastic to steel as it seeks to curb a ballooning current-account deficit and prop up a sagging rupee, people familiar with the matter said. Prime Minister Narendra Modi’s administration is planning to increase tariff on items including furniture, chemicals and mobile phone components. ...