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China Takes Aim at Donald Trump in Free Trade Plea

Posted September 13, 2017

Under Economic Issues, International Trade Issues


(Sky News)

Following a meeting in Beijing involving the heads of the International Monetary Fund (IMF) and World Bank, premier Li also said growth should be supported by structural reforms rather than stimulus such as quantitative easing.

China has moved to make its economy less dependent on exports since it was roundly criticised for heavily devaluing its currency, the yuan, two years ago in a bid to bring down borrowing costs and boost the competitiveness of its goods.

Economic growth was measured at an annual rate of 6.9% for the first half of this year – better than expected – as the world’s second-largest economy tries to get to grips with risks from its reliance on debt. Click here to read more.

Related: Nations Should Maintain Free Trade Amid Fragile World Economy, China Says (Reuters)