After a day of turmoil in world stock markets as fears of an escalation in the trade war between China and the U.S. pummeled stocks, China set its daily trading range higher and calmed the markets. The new range came after the U.S. designated China a currency manipulator, a charge Beijing strenuously denied. However, the initial move signaled to many analysts that China was preparing to battle the U.S. using every weapon at its disposal so it remains a possibility that China could continue devaluing its currency if the U.S. increases tariffs or makes other moves that damage its interests. ... Log in to view full article.