China’s central bank rejected claims that the yuan is undervalued as trade talks began with the European Union, where officials have increasingly blamed trade imbalances on the exchange rate. The People’s Bank of China argued that exchange-rate adjus...
China’s central bank rejected claims that the yuan is undervalued as trade talks began with the European Union, where officials have increasingly blamed trade imbalances on the exchange rate. The People’s Bank of China argued that exchange-rate adjustments won’t resolve structural imbalances in the global economy. Bloomberg's Oliver Crook reports. (Source: Bloomberg)
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Bloomberg — Markets (EN)