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China's central bank governor: Trade tensions pose major threat to global economy
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Economy News - Baghdad
The possibility of escalating trade tensions and political uncertainty are the main risk factors facing the global economy and market forces keep the Chinese yuan at an appropriate level, said Governor Yi Gang of the People's Bank of China (central bank).
In a statement to the IMF Steering Committee, Yi said Beijing was "deeply disappointed" by the IMF's failure to regulate its shareholder structure to recognize the growing influence of China and other fast-growing economies.
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