Comments from China's leader:
- One shouldn't resort to one-sided approaches and protectionism
I don't really see this as an indication that China is willing to put anything more on the table. It's a platitude.
Meanwhile, the PBOC leader talked about how they have room to ease if needed in an interview with Bloomberg earlier today.
"We have plenty of room in interest rates, we have plenty of room in required reserve ratio rate, and also for the fiscal, monetary policy toolkit, I think the room for adjustment is tremendous," he said. Yi said the currency has been weaker recently due to "tremendous pressure" from the U.S. side but the impact will be temporary.
