Bloomberg with the headline
From China Daily
No further details at this stage
Here we go, more (via Bloomberg):
- The recent yuan fall was a reasonable response to stronger USD after Trump's election win & fed rate hike
- Expects China eco growth to be about twice as fast the US in coming years, inflation unlikely to be higher
- US national debt could soar if Trump honours his spending promises
- So yuan to become stronger against USD in future
--
Fan Gang writing in the China Daily
Fan Gang
- An advisor to the Monetary Policy Committee of the People's Bank of China
- professor at the Graduate School of Chinese Academy of Social Sciences (CASS) and at the Peking University HSBC Business School
- Director of China's National Economic Research Institute
- Secretary-General of the China Reform Foundation
But is he happy?
:-D