Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

> US says China no more currency manipulator, Trade war truce in year 2020...

views
     
SUScatherintherye
post Jan 14 2020, 10:42 PM, updated 6y ago

Getting Started
**
Junior Member
64 posts

Joined: Aug 2019
http://www.therepublic.com/2020/01/14/china-us-trade-2/

BEIJING — China on Tuesday welcomed a U.S. decision ahead of the signing of a trade deal with Beijing to drop it from a list of governments accused of manipulating the value of their currencies to gain an unfair advantage in trade.

Just two days ahead of the planned signing of the interim agreement meant to help resolve a tariff war over Chinese technology and trade, Treasury Secretary Steven Mnuchin said Beijing had made “enforceable commitments to refrain from competitive devaluation.”

A Foreign Ministry spokesman, Geng Shuang, repeated an official promise not to devalue China’s yuan as a weapon in trade disputes and said Beijing was committed to reforming its currency and foreign exchange rules to keep the yuan at a “reasonable and balanced level.”

“China has never been a currency manipulator. The latest conclusion of the U.S. side is in line with the facts and the consensus of the international community,” Geng said.

Earlier Tuesday, the government reported that China’s global exports ended 2019 up 0.5% despite the tariff war with Washington.

...

HK protest also seems quiet down? Taiwan also happy? Strange...

Bump Topic Add ReplyOptions New Topic
 

Change to:
| Lo-Fi Version
0.0123sec    1.02    5 queries    GZIP Disabled
Time is now: 15th December 2025 - 05:08 AM