US Wants Pledge for Stable Chinese Yuan as Talks Resume

Xi Jinping

by Reuters   The United States is seeking to secure a pledge from China it will not devalue its yuan as part of an agreement intended to end the countries’ trade war, Bloomberg reported on Monday. Officials from the two countries, which resumed talks on Tuesday in Washington, are discussing…

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China Scrambles To Blunt The Force Of Trump’s Tariffs With Over $100 Billion Injection

Xi Jinping

by Hannah Bogorowski   China’s central bank announced late Sunday that it is planning to unleash nearly 700 billion yuan ($107.5 billion) into the financial system by cutting the amount of cash some banks must hold as reserves by 50 basis points. The People’s Bank of China (PBOC) said on…

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