PBOC’s Fan: Current trade spat with the US is an obstacle to China's rise

Dhwani Mehta FXStreet

Following comments are delivered by the PBOC adviser Fan Gang while speaking at the Boao Forum in China on Monday.

US says it is dealing with trade deficits, but it is actually looking to contain China's development.

Especially China's high tech strategy - referencing the "Made in China 2025" plan.

Current spat with the US is an obstacle to China's rise.

China needs to solve the trade war in the short-term with a long-term view of its own development.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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