Chen Yulu, a vice governor at the People’s Bank of China, said on Saturday that protectionsim “limited the scope for multilateral cooperation, and impeded the willingness to achieve it”. Photo: Xinhua

A Chinese central bank official takes a swipe at US policy, saying protectionism harms ‘mutual trust’

  • Chen Yulu urged the International Monetary Fund to continue supporting a rules-based multilateral trade system
  • He says tariffs play ‘only a limited role’ in fixing trade imbalances
Topic |   US-China trade war: All stories

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Chen Yulu, a vice governor at the People’s Bank of China, said on Saturday that protectionsim “limited the scope for multilateral cooperation, and impeded the willingness to achieve it”. Photo: Xinhua
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US President Donald Trump with China's Vice-Premier Liu He in the Oval Office of the White House in Washington at the start of April. Photo: Reuters

US-China trade war ‘still within control’, Beijing says, as trade gap widens due to soaring Chinese exports

  • March data shows exports soared while imports crashed, with analysts suggesting the government is subsidising exports to counter the effect of US tariffs
  • Exports grew by 14.2 per cent in March, a big jump from the 20.8 per cent fall in January and February, while exports contracted by 7.6 per cent
Topic |   US-China trade war

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US President Donald Trump with China's Vice-Premier Liu He in the Oval Office of the White House in Washington at the start of April. Photo: Reuters
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