dChan
Anonymous ID: e7ff7d March 10, 2019, 8:57 a.m. No.5607844   🗄️.is 🔗kun

China’s Yi affirms promise to avoid devaluation for trade

(a little late after printing up 11t yuan since january-but trust us)

 

The Associated PressBEIJING (AP) — China’s central bank governor on Sunday affirmed an official promise to avoid manipulating its currency to boost exports, an issue he said American and Chinese negotiators discussed in their latest talks aimed at ending a tariff war.

 

Yi Gang gave no indication the two sides reached agreements beyond previous commitments produced by meetings of the Group of 20 major economies. He spoke at a news conference during the annual meeting of China’s ceremonial legislature.

 

“We stress that we will never use the exchange rate for competitive purposes, nor will we use it to boost China’s exports,” Yi said.

 

Yi took part in the latest talks in Washington aimed at ending a conflict over Beijing’s technology ambitions that has prompted both sides to raise tariffs on billions of dollars of each other’s goods. That has fueled fears it might depress slowing global economic growth.

http://the-japan-news.com/news/article/0005596574

Anonymous ID: e7ff7d March 10, 2019, 9:29 a.m. No.5608197   🗄️.is 🔗kun

Italy wants to sign Belt and Road deal to help exports - deputy PM

 

MILAN (Reuters) - Italy wants to join China's giant "Belt and Road" infrastructure plan to boost Italian exports, not to strengthen political ties with the Asian giant, Deputy Prime Minister Luigi Di Maio said on Sunday.

 

Di Maio was responding to U.S. concerns at the prospect of a key ally supporting the Chinese initiative. A spokesman for the White House's group of national security advisers, Garrett Marquis, on Saturday called the Chinese venture a "vanity project" that Italy should steer clear of.

 

The "Belt and Road Initiative" (BRI), championed by Chinese President Xi Jinping, aims to link China by sea and land with southeast and central Asia, the Middle East, Europe and Africa, through an infrastructure network on the lines of the ancient Silk Road.

 

Aside from boosting trade and investment, Xi aims to advance exchanges in areas such as science, technology and culture.

 

"I have heard the alarm being raised from the United States yesterday about this deal on the Silk Road that Italy wants to sign with China," Di Maio said at an event organised by supporters of his ruling 5-Star Movement.

https://www.marketscreener.com/news/Italy-wants-to-sign-Belt-and-Road-deal-to-help-exports-deputy-PM–28141598/