People's Bank of China Deputy Governor Pan Gongsheng (head of the State Administration of Foreign Exchange)

More:

  • China corp bond default risk low
  • Domestic bond mkt has higher yield vs others
  • Future growth to be high quality, sustainable
  • China economic expansion still at high growth rate

Also, China vice finance minister Zhu Guangyao comments (speaking ahead of ahead of the annual U.S.-China Strategic and Economic Dialogue, which is being held June 6-7 in Beijing):

  • China and us should open up markets to each other
  • Global economy faces relatively big downward pressure
  • China and US should increase policy coordination, cooperation

So, that "China and US should increase policy coordination, cooperation" ... does that mean we'll have to amend the saying to "Don't fight the Fed AND the PBOC"? Bears, what's your take on this prospect of enhanced co-operation?

More from China's vice fin min:

  • Welcomes Fed to strengthen communication over rate decision with China
  • Says Fed's rate decision will have big impact on China's and world economy