Ma Jun seeks to assuage fears of tit-for-tat devaluations with US, Europe and Japan after its shock interventions last week, but warns of further volatility
China’s central bank has warned of further volatility in the yuan but reiterated that Beijing had no intention of sparking a “currency war” following a series of shock devaluations last week.
The chief economist at the People’s Bank of China, Ma Jun, said the Chinese government had “no intention or need to participate in a currency war”.
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Source: The Guardian Circular Economy RSS