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China Banking and Insurance Regulator Head Guo: Impact of additional US tariffs on Chinese economy to be very limited

2019-06-21 10:10

China’s ruling Communist Party paper, People’s Daily, reports the latest comments by the Chinese Banking and Insurance Regulator Head Guo Shuqing on the US-China trade spat.



Key Headlines:




Impact of additional US tariffs on the Chinese economy will be very limited.



Fluctuations in the yuan exchange rate were normal in the short term.



Over a longer horizon, the currency would not continue to lose value given China's economic fundamentals.



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