Launch Ceremony of the RMB Bond Offering in Hong Kong. Pictured is Chairman and President Li Ruogu from the Export-Import Bank of China. Bank of China Tower, Admiralty. 09 August 2007. Photo: SCMP

‘I suggest that we must pick our battles’: celebrated Chinese state banker warned Beijing against trade war

  • Former state bank president warned against a tit-for-tat trade war with the US
  • Li Ruogu also criticised China’s state-owned media for distorting the effects of the trade war
Topic |   China economy

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Launch Ceremony of the RMB Bond Offering in Hong Kong. Pictured is Chairman and President Li Ruogu from the Export-Import Bank of China. Bank of China Tower, Admiralty. 09 August 2007. Photo: SCMP
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