Former PBoC member on US China relationship

by Dramelin 12:00 AM 0 comments

Li told CNBC that China would likely protest such a pronouncement, but it would not overreact.
During his presidential campaign, Trump had repeatedly said he would declared China a currency manipulator for artificially weakening the yuan against dollar.
In the meantime, Beijing has effectively used both informal and formal channels to communicate with the White House, added Li, who is currently the Mansfield Freeman Chair Professor at Tsinghua University.
It would be crucial to "have private communication with the State Department, with the Treasury and with the White House to try and work out what the U.
S.
side wants, and what China can do," he said.
"Trump has plans to host Xi at a two-day summit in Trump`s Mar-a-Lago resort next month, according to several media reports.