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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