1 MIL-OSI CHINA: PROJECTS LAUNCHED TO BOOST CHINA, MONGOLIA PUBLICATION PARTNERSHIP WWW.FOREIGNAFFAIRS.CO.NZ PUBLISHED:2018/12/11      2 TWO BLOCKS OF MONGOLIA-JAPAN TEACHING HOSPITAL PUT INTO OPERATION WWW.MONTSAME.MN PUBLISHED:2018/12/11      3 MONGOLIA TO CO-HOST WORLD ARMY FESTIVAL WWW.NEWS.MN PUBLISHED:2018/12/11      4 CHANGES DUE TO REPOSITIONING THE UN DEVELOPMENT SYSTEM DISCUSSED WWW.MONTSAME.MN PUBLISHED:2018/12/11      5 JAPAN MAY BE TAKING SIDES WITH US IN TRADE WAR AGAINST CHINA, HALTS PURCHASES OF HUAWEI & ZTE TECH WWW.RT.COM PUBLISHED:2018/12/11      6 G.ZANDANSHATAR MEETS COUNTRY REPRESENTATIVES OF WORLD BANK AND ASIAN DEVELOPMENT BANK WWW.MONTSAME.MN PUBLISHED:2018/12/11      7 LARGE SILVER DEPOSIT DISCOVERED IN CENTRAL CHINA WWW.RT.COM PUBLISHED:2018/12/11      8 CHINA BANS MOST IPHONE SALES AFTER GRANTING QUALCOMM AN INJUNCTION AGAINST APPLE WWW.CNN.COM PUBLISHED:2018/12/11      9 MNCCI AWARDED ISO 9001:2015 CERTIFICATION WWW.MONTSAME.MN PUBLISHED:2018/12/10      10 CARLOS GHOSN: FORMER NISSAN CHAIR CHARGED WITH FINANCIAL MISCONDUCT WWW.BBC.COM PUBLISHED:2018/12/10      МАКРОН ЦАЛИНГИЙН ДООД ХЭМЖЭЭГ 100 ЕВРОГООР ӨСГӨНӨ ГЭВ WWW.NEWS.MN НИЙТЭЛСЭН:2018/12/11     "HUAWEI"-ИЙН САНХҮҮ ХАРИУЦСАН ЗАХИРЛЫГ БАТЛАН ДААЛТААР СУЛЛАХГҮЙ БАЙЖ МАГАДГҮЙ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/12/11     1072 ШИРХЭГ ХУВЬЦААГ ХУДАЛДАХ, ХУДАЛДАН АВАХ БОЛОМЖГҮЙ WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/12/11     МОНГОЛ УЛС ДЭЛХИЙН “АРМИЙН НААДАМ”-ЫН НЭГ ЗОХИОН БАЙГУУЛАГЧ НЬ БОЛНО WWW.EAGLE.MN НИЙТЭЛСЭН:2018/12/11     АЛТНЫ 2.5 ХУВИЙН РОЯЛТИГ 5 ЖИЛЭЭР СУНГАХ ЭСЭХИЙГ УИХ ХЭЛЭЛЦЭНЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/12/11     НИЙСЛЭЛИЙН ЗАСАГ ДАРГЫГ Ж.БАТБАЯСГАЛАН ТҮР ОРЛОХООР БОЛЛОО WWW.ZGM.MN НИЙТЭЛСЭН:2018/12/11     ОЛОН УЛСЫН НЭГЖИЙН ШИНЭ SI СИСТЕМИЙГ АЛБАН ЁСООР БАТАЛЛАА WWW.NEWS.MN НИЙТЭЛСЭН:2018/12/11     МОНГОЛ УЛС, НҮБ-ЫН ХАМТЫН АЖИЛЛАГАА, ЦААШДЫН ТӨЛӨВЛӨГӨӨНИЙ ТАЛААР САНАЛ СОЛИЛЦОВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/12/11     2017 ОНЫ НӨАТ-ЫН УРАМШУУЛЛАА АВААГҮЙ ИРГЭД МЭДЭЭЛЛЭЭ БАТАЛГААЖУУЛАХ ШААРДЛАГАТАЙ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/12/10     АЗИ, НОМХОН ДАЛАЙН ЕС ДЭХ УДААГИЙН ТРИЕННАЛЬД УРАН БҮТЭЭЛЧ Т.ЭНХБОЛД ОРОЛЦОЖ БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/12/10    

IMF's Lagarde warns trade, currency wars could be detrimental for growth www.reuters.com

NUSA DUA, Indonesia (Reuters) - International Monetary Fund Managing Director Christine Lagarde on Thursday warned countries of the perils of a trade or a currency war, saying they could be detrimental to global growth and hurt “innocent bystanders.”

Lagarde urged countries to “de-escalate” trade frictions and fix global trading rules, rather than abandon them.

“We certainly hope we don’t move in either direction of a trade war or a currency war. It will be detrimental on both accounts for all participants, Lagarde told a news conference during the annual meetings of the IMF and World Bank in Indonesian resort island of Bali.

“And there would also be lots of innocent bystanders.”

China and the United States have slapped tit-for-tat tariffs over the past few months, rattling financial markets as investors worried the escalating trade war could knock global trade and investment.

On recent yuan declines, Lagarde said they were mainly driven by the strength of the dollar, noting that it has not depreciated as much against a basket of currencies.

“We’re seeing more and more countries, China included, let their currencies fluctuate,” Lagarde said.

The yuan currency CNY=CFXS has faced strong selling pressure this year, losing over 8 percent between March and August at the height of market worries, though it has since pared losses as authorities stepped up support.

A U.S. Treasury official on Monday repeated that the Trump administration was concerned about the yuan’s recent weakening as the department prepares a semi-annual report on currency manipulation due out next week.

US President Donald Trump has accused China of deliberately manipulating its currency to gain a trade advantage, claims Beijing consistently rejected.

“We have supported the move of China toward (currency) flexibility,” she said, adding that the IMF has encouraged Chinese authorities to “go down that path.”

Lagarde urged China to follow through on the IMF’s recommendation to continue moving toward a system that allows the yuan to move flexibly.

She declined to comment on the recent market rout, but said U.S. equities and overall stock prices “in general have been extremely high.”

Additional reporting by Yawen Chen; Editing by Shri Navaratnam



Published Date:2018-10-11