An ex People's Bank of China (PBOC) Governor, Dai Xianglon has been having comments reported.
Some of them are doom and gloom, some of them not so much,. Take your prick:
- says he expects no major trade breakthrough at anticipated meeting between China, US. leaders in Japan
- says China able to keep stock market above 3,000 points in the future
- Says current yuan depreciation due to market's short-term reaction to US China trade war
- Says if US - China trade war escalates, might cause global recession or even global financial crisis
- Says he believes there'll be good news from China - US trade talks in japan but process will be hard
- says does not rule out bigger countermeasures in trade war
Dai was gov from 1995-2002 and is still an active politician in China.
