US should not expect China to keep yuan stable alone, says former senior official with China’s foreign exchange watchdog

//US should not expect China to keep yuan stable alone, says former senior official with China’s foreign exchange watchdog

US should not expect China to keep yuan stable alone, says former senior official with China’s foreign exchange watchdog

US President Donald Trump should not expect China to keep its yuan stable with the US dollar when he keeps rocking market sentiment and provoking disputes, says a former senior official with China’s foreign exchange watchdog.“It (maintaining the yuan’s stability) is a bilateral thing. It is unreasonable that you (US president Trump) insist on provoking disputes, striking market sentiment, while requiring China on its own handle the mission of stabilising the exchange rate,” Guan Tao, a…

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By | 2019-08-18T01:00:14+00:00 August 18th, 2019|Business|Comments Off on US should not expect China to keep yuan stable alone, says former senior official with China’s foreign exchange watchdog