PBOC’s Zhu: The yuan’s move was a normal reaction to Trump’s tariff threat

Reuters reports the comments delivered by Zhu Jun, Director-General of the People’s Bank of China’s (PBOC) International Department, over the weekend at a forum held in the northern Chinese province of Heilongjiang.

Key Quotes:

The yuan’s move was a normal reaction to Trump’s tariff threat.

The labeling...violates basic, common economic sense and international consensus, and is unconvincing.

The Chinese economy was resilient and capable of coping with various situations.