US-China Statement: China reaffirms G-20 exchange rate commitments

US China statement headlines coming out

Other comments from the statement:

  • no basis for sustained Yuan depreciation
  • fed sensitive to international effects of policy
  • fed to be predictable to extent possible
  • China to gradually raise foreign stake limits, insecurities companies
  • China to adapt measures to reduce that steel capacity

Looking back, these headlines are consistent with earlier comments as reported by Mike here.

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