- Former PBOC adviser Yongding: China must reject US demands to keep the Chinese yuan stable against the US dollar as part of a trade deal
Market news
1 March 2019
Former PBOC adviser Yongding: China must reject US demands to keep the Chinese yuan stable against the US dollar as part of a trade deal
China can commit to not maintain the yuan at an artificially low level
Chinese government has promised to shift towards a market-driven economy, and that means it has to have a fully flexible exchange rate regime
White House economic adviser Larry Kudlow said on Thursday that China would need to report any intervention in the foreign exchange market under a currency deal being negotiated with the United States.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page