China tries charm to reassure over slowing growth

Chinese Finance Minister Lou Jiwei (L) talks to People's Bank of China Governor Zhou Xiaochuan during the the G20 Finance Ministers and Central Bank Governors Meeting at the Pudong Shangri-la Hotel in Shanghai, China, 26 February 2016China’s normally reclusive central bank chief Zhou Xiaochuan is an unusually prominent presence at the G20 finance ministers meeting in Shanghai, racing from seminar to news conference to spread positive messages about the world’s second-largest economy. After months of silence, the governor of the People’s Bank of China (PBoC) wants investors to know that the yuan currency — also known as the renminbi (RMB) — will be stable despite the slowest growth in a quarter of a century. “The fundamentals of China’s economy remain strong.

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