Reuters reports the comments delivered by Zhu Jun, Director-General of the People’s Bank of China’s (PBOC) International Department, over the weekend at a forum held in the northern Chinese province of Heilongjiang.
Key Quotes:
The yuan’s move was a normal reaction to Trump’s tariff threat.
The labeling…violates basic, common economic sense and international consensus, and is unconvincing.
The Chinese economy was resilient and capable of coping with various situations.
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