The Traderszone Network

Published in TZ Latest News 22 September, 2015 by The TZ Newswire Staff

U.S. to warn China against quick fixes for economy

The United States will press China during a state visit by President Xi Jinping to avoid “quick fixes” for its economy such as devaluing its currency to boost exports, White House chief economist Jason Furman said on Tuesday. Furman said China’s recent loosening of controls on the yuan currency “caused turmoil” in global financial markets and that U.S. officials would also raise the issue of China’s volatile stock market.