China-FM Briefing/Currency
Beijing, China - Jan 14, 2020 (CCTV - No access Chinese mainland)
1. Geng Shuang, spokesman of Chinese Ministry of Foreign Affairs, standing at podium
2. Press
3. SOUNDBITE (Chinese) Geng Shuang, spokesman of Chinese Ministry of Foreign Affairs:
"In fact, China has never been a currency manipulator. The latest conclusion the U.S. has made complies with fact and international consensus."
4. Various of reporters taking notes
5. SOUNDBITE (Chinese) Geng Shuang, spokesman of Chinese Ministry of Foreign Affairs:
"The conclusion made by the IMF in its latest assessment also shows that RMB exchange rate generally matches the Chinese economy, which objectively denies the notion that China is a currency manipulator. Secondly, China is a responsible major country. We have reiterated many times that we will not resort to competitive currency depreciation and will never use our currency rate as a tool to tackle the external disturbances such as trade disputes. Thirdly, China will unswervingly deepen market-oriented reform of currency exchange rate, continue to improve a managed floating exchange rate regime based on market supply and demand, adjusted with reference to a basket of currencies, so as to keep the RMB exchange rate generally stable at a reasonable and balanced level."
6. Various of press briefing in progress
China has never been a currency manipulator, said Chinese Foreign Ministry on Tuesday in Beijing.
The U.S. Treasury Department on Monday dropped its designation of China as a currency manipulator.
In response, Geng Shuang, spokesman of the Foreign Ministry, said the U.S. move complies with fact and international consensus.
"In fact, China has never been a currency manipulator. The latest conclusion the U.S. has made complies with fact and international consensus," said Geng.
"The conclusion made by the IMF in its latest assessment also shows that RMB exchange rate generally matches the Chinese economy, which objectively denies the notion that China is a currency manipulator. Secondly, China is a responsible major country. We have reiterated many times that we will not resort to competitive currency depreciation and will never use our currency rate as a tool to tackle the external disturbances such as trade disputes. Thirdly, China will unswervingly deepen market-oriented reform of currency exchange rate, continue to improve a managed floating exchange rate regime based on market supply and demand, adjusted with reference to a basket of currencies, so as to keep the RMB exchange rate generally stable at a reasonable and balanced level," said Geng.
China-FM Briefing/Currency
Dateline : Jan 14, 2020
Location : Beijing,China
Duration : 1'44
Beijing, China - Jan 14, 2020 (CCTV - No access Chinese mainland)
1. Geng Shuang, spokesman of Chinese Ministry of Foreign Affairs, standing at podium
2. Press
3. SOUNDBITE (Chinese) Geng Shuang, spokesman of Chinese Ministry of Foreign Affairs:
"In fact, China has never been a currency manipulator. The latest conclusion the U.S. has made complies with fact and international consensus."
4. Various of reporters taking notes
5. SOUNDBITE (Chinese) Geng Shuang, spokesman of Chinese Ministry of Foreign Affairs:
"The conclusion made by the IMF in its latest assessment also shows that RMB exchange rate generally matches the Chinese economy, which objectively denies the notion that China is a currency manipulator. Secondly, China is a responsible major country. We have reiterated many times that we will not resort to competitive currency depreciation and will never use our currency rate as a tool to tackle the external disturbances such as trade disputes. Thirdly, China will unswervingly deepen market-oriented reform of currency exchange rate, continue to improve a managed floating exchange rate regime based on market supply and demand, adjusted with reference to a basket of currencies, so as to keep the RMB exchange rate generally stable at a reasonable and balanced level."
6. Various of press briefing in progress
China has never been a currency manipulator, said Chinese Foreign Ministry on Tuesday in Beijing.
The U.S. Treasury Department on Monday dropped its designation of China as a currency manipulator.
In response, Geng Shuang, spokesman of the Foreign Ministry, said the U.S. move complies with fact and international consensus.
"In fact, China has never been a currency manipulator. The latest conclusion the U.S. has made complies with fact and international consensus," said Geng.
"The conclusion made by the IMF in its latest assessment also shows that RMB exchange rate generally matches the Chinese economy, which objectively denies the notion that China is a currency manipulator. Secondly, China is a responsible major country. We have reiterated many times that we will not resort to competitive currency depreciation and will never use our currency rate as a tool to tackle the external disturbances such as trade disputes. Thirdly, China will unswervingly deepen market-oriented reform of currency exchange rate, continue to improve a managed floating exchange rate regime based on market supply and demand, adjusted with reference to a basket of currencies, so as to keep the RMB exchange rate generally stable at a reasonable and balanced level," said Geng.
ID : 8132662
Published : 2020-01-14 16:51
Last Modified : 2020-01-15 14:42:00
Source : China Central Television (CCTV)
Restrictions : No access Chinese mainland
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