IMF stands by yuan view; says China could need stimulus if trade war worsens
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Reuters
The International Monetary Fund
IMF
the IMF’s China
U.S. Treasury
the U.S. Treasury
Trump
Jonas Ekblom
CoghillAll
All Rights Reserved
People
James Daniel
Steven Mnuchin
Donald Trump
David Lawder
Jonathan Oatis
Leslie Adler
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Chinese
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China
the United States
Beijing
U.S.
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Summary
James Daniel, director of the IMF’s China department, said that an assessment of China’s economic policies found the yuan exchange rate in 2018 to be “not significantly over-valued or under-valued.” The IMF’s views on the yuan are at odds with those of its largest shareholder, the United States, which this week declared China a “currency manipulator” after it allowed the yuan to slip below 7 to the dollar to 11-year lows.
As said here by David Lawder