Volatility in China's yuan due to escalating U.S. trade friction: PBOC official

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Volatility in China's yuan since August is a normal market reaction to esca...

FILE PHOTO: Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a branch of a commercial bank in Beijing, China, in this March 30, 2016 file picture. REUTERS/Kim Kyung-Hoon/File Photo

Zhu Jun, director-general of the People’s Bank of China’s international department, made the comments on Saturday to a forum held in the northern Chinese province of Heilongjiang.

Source: News Formal (newsformal.com)

 

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China better get back in their lane and beg Trump for a trade deal.

If China fails to achieve a $ 70 billion current account surplus each month, China will face a currency crisis.

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