IMF Urges China & U.S. To Resolve Their Trade Dispute

According to a report by Reuters, on Saturday, China's central bank governor Yi Gang promised to maintain a 'broadly stable' currency value for the yuan, as the IMF attempted to push the world's two largest economies to resolve their disputes. While speaking at the International Monetary Fund and World Bank's annual meeting in Bali, Yi said, "China will continue to let the market play a decisive role in the formation of the RMB exchange rate.