Trade deal model for future policies - China's central bank

Friday, 17. January 2020 16:36

People's Bank of China stated on Friday that the recently signed phase one trade deal between the United States and China will serve as a "reference model" for the future positions of major countries in the coordination of exchange rate policies.

Commenting on the trade agreement, US President Donald Trump yesterday asserted that the signed deal will bring $250 billion into the US economy and set up negotiations for the second phase of the talks, which, according to US Vice President Mike Pence, have already started.

Earlier in the day, China's Premier Li Keqiang said his country will make big cuts on taxes in 2020, while keeping the economy stable.

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Breaking the News / ND