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

Summary:
[unable to retrieve full-text content]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…

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[unable to retrieve full-text content]
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…

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