U.S. Treasury Secretary Declares “No Rush” on Currency Manipulator Label
February 27, 2017
Last week’s unseasonably warm weather seems to have defrosted sentiments toward China. Several items heralded the shift to a sunnier outlook, including:
- Treasury Secretary Mnuchin’s decision to wait until April to evaluate the “currency manipulator” label
- A reformist chosen as one of Xi’s key financial regulators
- 11% growth in commercial airline passenger numbers during the Chinese New Year holiday
Topics covered: “Currency Manipulator” label, Wealth Management Products, Regulatory Reform, Commercial Airline Traffic, Chinese New Year
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