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“I’d get him a McDonald’s hamburger and I’d say we gotta get down to work, because you can’t continue to devalue (the Chinese currency)”, Trump said Monday night on Fox News.

China’s government said the move to weaken the yuan was a result of reforms intended to make its exchange rate more market-oriented.

Authorities ordered a state broadcaster to punish a popular TV celebrity for insulting Communist Party founder Mao Zedong at a private dinner, state media reported.

In Hong Kong, stocks extended a recovery into a second day as the Hang Seng Index rallied 2.3%, while a gauge of Chinese companies listed on the city’s stock exchange, known as H-shares, rose 4.4%.