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China Rejects Claims the Yuan Is Undervalued
China’s central bank rejected claims that the yuan is undervalued as trade talks began with the European Union, where officials have increasingly blamed trade imbalances on the exchange rate.
The People’s Bank of China argued that exchange-rate adjustments won’t resolve structural imbalances in the global economy. Bloomberg's Oliver Crook reports. (Source: Bloomberg).
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg).
⚡ Effects Interpreter
🌍World Economy
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🏙️Local Economy
- ▶Family budgets close to home might absorb a modest, slow-moving effect.
- ▶Modest firms on your street may pass costs on cautiously, bit by bit.
🏦Rates & Banks
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- ▶Banks generally prefer a wait-and-see approach before touching their rates.
❤️Health
- ▶Unsettling news can weigh on sleep and mood, so peace of mind matters.
- ▶News like this can nibble at everyday calm more than people expect.
💷Wealth
- ▶Your shares ISA or pension might see a brief gain or dip today.
- ▶A brief portfolio check can settle the nerves, even if nothing needs changing.
🏠Housing
- ▶Any effect on bricks and mortar is likely to be slow and modest.
- ▶Housing chains involving multiple buyers can be sensitive to any wider wobble.