China’s ex-central bank governor optimistic on trade truce

Bloomberg/John Follain and Flavia Rotondi/12-5-2018

“China’s former central bank governor Zhou Xiaochuan says he is optimistic after a weekend trade truce with the U.S., saying it highlights a mutual desire to tone down tensions. The agreement between the world’s two largest economies ‘shows that both sides have a desire to de-escalate trade differentials,’ the ex-head of the People’s Bank of China said Wednesday in a Bloomberg TV interview in Rome.”

USAGOLD note:  A hopeful note from a respected player on the international scene. . . . This is the same PBoC governor who has spoken favorably in the past about gold and its role in China’s economy.

Image: Zhou Xiaochuan, former governor, Peoples Bank of China

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