China aims for ‘steady’ yuan despite US trade war turbulence

//China aims for ‘steady’ yuan despite US trade war turbulence

China aims for ‘steady’ yuan despite US trade war turbulence

China will keep its monetary policy and yuan steady despite “complex external pressure”, a senior Chinese central bank official said just days before the expected signing of a phase one trade deal.Addressing a forum in Beijing on Sunday, central bank deputy governor Pan Gongsheng, who is also the head of the State Administration of Foreign Exchange, said China was one of the few countries to retain a “normal” monetary policy amid the international trend for negative interest rates.“China is one…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-01-12T09:15:13+00:00 January 12th, 2020|Headlines|Comments Off on China aims for ‘steady’ yuan despite US trade war turbulence