US Treasury Secretary Steve Mnuchin speaks to reporters outside the White House on Monday. Photo: Reuters

Steven Mnuchin says currency will be a focus of next round of China talks

  • US treasury secretary says he expects governor of People’s Bank of China to be in Washington for negotiations in October
  • Treasury Department took rare step of designating China as a currency manipulator in August amid trade war escalation
Topic |   US-China trade war

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US Treasury Secretary Steve Mnuchin speaks to reporters outside the White House on Monday. Photo: Reuters
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China’s forex reserves rose by US$3.5 billion in August. Photo: Reuters

China’s foreign exchange reserves up US$3.5 billion in August despite yuan drop

  • Total rises beyond analysts’ forecasts to US$3.1072 trillion, according to central bank figures released on Saturday
  • Increase from July due to stable balance of international payments and generally stable economic growth, regulator says
Topic |   China economy

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China’s forex reserves rose by US$3.5 billion in August. Photo: Reuters
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