Bloomberg – by Greg Quinn James Mayger Sharon Chen
Global finance chiefs sought to contain tensions over currency movements with China suggesting its August devaluation won’t be repeated any time soon and Japan labeling the Chinese unhelpful.
Zhou Xiaochuan, governor of China’s central bank, told a meeting of Group of 20 finance ministers in Ankara that a stock-market bubble in his country had “burst,” according to Japan’s Taro Aso. Another official present at the talks said China had presented the country’s situation as a new normal. Continue reading “G-20 Wrestles Currency Tension as Zhou Says Bubble Has Burst”