The contemplated move reflects China's recognition that it needs bigger economic stimulus to combat Trump's threats of punitive trade measures, people with knowledge of the matter said

China has sought to stabilise the yuan by orchestrating buying by state banks and giving market guidance to bankers

China raised the central rate for its yuan currency by the largest amount in a decade on Monday, officials and reports said.

China sets the guiding rate for its yuan currency lower for third consecutive day.

Chinese shares were lower on Wednesday as its central bank again devalued the yuan, following Tuesday's record cut.

China devalued its currency after a run of poor economic data, a move it billed as a free-market reform.