US-China trade war: Beijing will honour phase one deal by opening financial sector wider, its central bank chief says



Frank Tang | South China Morning Post

China will continue to implement its part of the phase one trade deal with the United States and will fulfil financial opening-up pledges despite worsening bilateral relations between the world’s two largest economies, China’s central bank governor said in an interview with the official Xinhua news agency.

“No matter how the international situation changes, the most important thing is to get our own things done and to firmly deepen financial reform and opening-up,” Yi Gang, the head of the People’s Bank of China, was quoted by Xinhua as saying on Sunday.

“First of all, we will continue to implement the phase one trade deal with the US.”

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