Yi Gang confident in the face of potential trade war
(26 March 2018 – China) Newly appointed governor of the People’s Bank of China, Yi Gang, said the finance sector is “fully capable of preventing and tackling” external risks.
The comments come after US President Donald Trump imposed tariffs on US$60bn of Chinese imports. The Hong Kong, Shanghai and Shenzen stock markets plunged on news of China’s tariffs on US products in retaliation.
“As long as we can get our own house in order there will be a fairly good foundation for us to manage risks from external shocks, as well as the global impact,” Yi was quoted as saying.
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