In response to the US’s cancellation of China’s “exchange rate manipulating power”, Foreign Ministry spokesman Geng Shuang said on the 14th that China was not originally an exchange rate manipulator. The latest conclusion of the United States is in line with the facts and the consensus of the international community.
The U.S. Treasury Department issued a semi-annual exchange rate policy report on the 13th, canceling the identification of China as an “exchange rate manipulator” last August.
“China is not an exchange rate manipulator. The latest conclusion of the United States is in line with the facts and the consensus of the international community.” Geng Shuang said at a regular press conference of the Ministry of Foreign Affairs on the 14th, answering questions, “The latest IMF evaluation The conclusion is that the level of the RMB exchange rate is generally in line with economic fundamentals, and objectively denies the claim that China is an ‘exchange rate manipulator’. ”
“Geng Shuang said,” China is a responsible country. We have repeatedly reiterated that we will not engage in competitive currency devaluation, and we will not and will not use the exchange rate as a tool to respond to external disturbances such as trade disputes.
Geng Shuang said that China will unswervingly deepen the reform of the exchange rate marketization, continue to improve the managed floating exchange rate system based on market supply and demand, adjust with reference to a basket of currencies, and keep the RMB exchange rate basically stable at a reasonable and balanced level.
Post time: Jan-15-2020