Zhou Xiaochuan

IMF Warns Against Protectionism, But Strikes Word From Statement

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With fears rising that the Trump administration will follow through on its threats to raise trade barriers, world finance ministers are united on one message: protectionism threatens the global economy. Except that the word “protectionism” was omitted from the final statement of the International Monetary Fund’s semi-annual meeting Saturday. “We reaffirm our commitment to… avoid … Read more

China Lifts Short-Term Rates For Third Month Straight To Steady Yuan, Battle Debt

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China’s central bank raised short-term interest rates on Thursday in what economists said was a bid to stave off capital outflows and keep the yuan currency stable after the Federal Reserve raised U. S. rates overnight. The increase in short-term rates was China’s third in as many months, and came a day after the end … Read more