China's top central banker said on Saturday that potential escalation of tr...
WASHINGTON - China’s top central banker said on Saturday that potential escalation of trade tensions and policy uncertainty were the major risk factors facing the world economy, and market forces were keeping China’s yuan at an appropriate level.
Yi pushed back against the U.S. Treasury’s Aug. 5 designation of China as a currency manipulator after China’s yuan fell below the psychologically important level of 7 to the dollar. In a dig at the Trump administration’s “America First” trade stance, Yi said: “the wave of populism and protectionism in some countries has undermined mutual trust, reducing their willingness to cooperate on a multilateral basis.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NBA Boss Adam Silver: Losses Have Been ‘Dramatic’; China Called For Firing Daryl MoreyNBA commissioner Adam Silver said the financial consequences of the fallout with China were 'dramatic.'
Read more »
Bogut appears to take shot at LeBron over China commentsIt appears Andrew Bogut is among those upset with LeBron James' comments on the NBA-China situation.
Read more »
Russia does not want to exploit US-China trade war, finance minister saysRussia is not seeking to capitalize on trade tensions between the U.S. and China, according to Finance Minister Anton Siluanov.
Read more »
Bei Bei set to leave for China to help breed Panda specieFour-year-old giant panda Bei Bei, born and raised in Washington's National Zoo, will soon return to China to help with the country's panda repopulation efforts.
Read more »
China to further reduce tariffs and remove non-tariff barriers for foreign investors: XinhuaChinese Vice Premier Han Zheng vowed to further reduce tariffs and remove non-ta...
Read more »