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US Treasury Minister Steven Mnuchin dispels the risks of economic slowdown in China and destabilization of US financial markets.
– In a broader perspective, I see no risk of infection at the moment.
Traces of the trade war with the United States pose many problems for China, including a flood of domestic stock sales and a decline in foreign exchange.
On Friday, the figures showed that Chinese growth reached 6.5% in the third quarter, against 6.6% and 6.7% expected in the second quarter.
This is the lowest quarterly GDP growth on an annual basis since the first quarter of 2009, in the midst of the global financial crisis.
On the question of the slowdown in China itself, there is a negotiating agreement between Beijing and Washington, Mnuchin replies:
– No, the important thing is that we focus on more justice in our financial relations with them.
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