China won’t use yuan exchange rate as a trade-war tool.
China’s national currency will never be used to boost competition or as a means of handling the ongoing trade row, its central bank governor has said. Currency issues have been one of the cornerstones of US-China trade talks.
Mar 04, 2015 · The Chinese do not plan to live in a world dominated by the U.S, dollar for much longer. Chinese leaders have been calling for the U.S, dollar to be replaced as the primary global reserve currency for a long time, but up until now they have never been very specific about what they would put in place of it. Many have assumed that the Chinese simply wanted some new international currency.
As Trade War Intensifies, China Moves to Bolster Its.
Aug 23, 2018 · SHANGHAI — As China’s economy slows and the trade war with the United States intensifies, Beijing’s economic bosses are swinging into action. Chinese officials are pushing banks to.
Currency, in industrialized nations, portion of the national money supply, consisting of bank notes and government-issued paper money and coins, that does not require endorsement in serving as a medium of exchange; among less developed societies, currency encompasses a wide diversity of items (e, g. livestock, stone carvings, tobacco) used as exchange media as well as signs of value or wealth.
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