China says that it doesn't use exchange rate to create trade advantages

Comments by China pension fund chief, Lou Jiwei

  • Says that US and China can reach agreement on trade

There's been a constant stream of comments regarding this issue over the past week. China is making it clear that it doesn't want to commit to any currency pledge with regards to trade talks with the US. And this will be a key sticking point as we gear towards a possible Trump-Xi summit later this month.

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