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The United States will press China during a state visit by President Xi Jinping to avoid "quick fixes" for its economy such as devaluing its currency to boost exports, White House chief economist Jason Furman said on Tuesday.
Furman said China's recent loosening of controls on the yuan currency "caused turmoil" in global financial markets and that U.S. officials would also raise the issue of China's volatile stock market.
The overarching message from the Americans is that China needs to make pro…
Furman said China's recent loosening of controls on the yuan currency "caused turmoil" in global financial markets and that U.S. officials would also raise the issue of China's volatile stock market.
The overarching message from the Americans is that China needs to make pro…