Not concerned about China's ability to defends its currency: IMF Maurice Obstfeld
- Country:
- China
International Monetary Fund Chief economist Maurice Obstfeld said on Tuesday that he was not concerned about the Chinese government's ability to defend its currency despite the recent depreciation of the yuan.
"No, I don't think it's a problem," Obstfeld said when asked about the issue on the sidelines of a news conference at the IMF and World Bank annual meetings in Bali.
But Obstfeld also told the news conference that Beijing would face a "balancing act" between actions to shore up growth and ensure financial stability.
(With inputs from agencies.)
Advertisement
ALSO READ
Army starts induction of control, reporting systems under 'Project Akashteer': Sources
Sebi proposes direct reporting of AIFs' PPM changes to streamline compliance cost
"Very pleased to close Q4, FY24 on strong note, says TCS CEO on reporting 9% rise in net profit
FinAlyzer unveils pathbreaking Related Party Transactions Reporting Module
Gpvt asks shipping companies to enhance reporting, tracking mechanism on West Asian routes