News Formal

US, China to observe market forces on currencies: People's Bank of China Governor Yi

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

BEIJING (BLOOMBERG) - China and the US have reached consensus on many 'crucial' issues, including a commitment to observe market-oriented exchange rate mechanisms, People's Bank of China Governor Yi Gang said.. Read more at straitstimes.com.

BEIJING - China and the US have reached consensus on many"crucial" issues, including a commitment to observe market-oriented exchange rate mechanisms, People's Bank of China Governor Yi Gang said.

MONETARY POLICY The yuan has surged 2.3 per cent against a basket of trading partners' currencies this year amid optimism China and the US are edging toward a resolution of their trade dispute. That phrase reappeared after being omitted for two years in equivalent reports, a signal that currency reform may be back on the policy agenda soon.

The PBOC has led a campaign since last year to support the struggling private sector by pushing banks to lend more.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Drhbrteeytfftfgivv

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US video-game makers are drawn to and threatened by China, world's largest video-game marketWASHINGTON (BLOOMBERG) - When the American maker of the popular World of Warcraft video game sued a Chinese company for copying designs and storylines, little did anyone know the dispute would come to illustrate one of the biggest sticking points in the US-China trade war.. Read more at straitstimes.com. You mean bootleg market?
Source: The Straits Times - 🏆 8. / 63 Read more »