rnational businesses, cross-border financial services, frontier technology research and devel

 上海会所opment and cross-border services trade, and speed up the industrial upgrading of existing companies.

The plan says the new area will be granted greater administrative power for self-development, self-reform and self-innovatio

 上海会所品茶微信n, and regularly promote its experience to spearhead a new round of reform and opening-up of the Yangtze River Delta.

The government will support the new area to foster more mature institutional and adm

inistrative systems and motivate market entities to participate in the international market, said Wang. 上海会所

Wang Xin, director of the research bureau of the People’s Bank of China (PBOC), the

country‘s central bank, said the PBOC will actively support the Shanghai Pilot Free Trade Zone construction. 上海会所品茶微信

The central bank will implement on trial basis more open, convenient and freer financ

e policies in the Lingang area, building a new open and innovative highland of finance, the director added.

hina on Tuesday voiced strong opposition to the US decision to label it “a currency manipulator,” stressing that China has nev 上海会所

er resorted to competitive devaluation and will not use the currency as a tool to deal with trade disputes.

In a response to the designation, China’s central bank refuted the unilateral move, saying the labe

l does not meet the quantitative criteria for the so-called “currency manipulator” set by the US Treasury. 上海会所品茶微信

“The US labeling is an arbitrary unilateral and protectionist

practice, which seriously undermines international rules and will significantly i

 上海会所mpact the global economy and financial markets,” the People’s Bank of China (PBOC) said in an online statement.

US TYPICAL MAXIMUM-PRESSURE TRICK

Ronald Wen, a Hong Kong-based senior banker, said the alleged currency manipulatio 上海会所品茶微信

n is a new weapon used by the US in the trade friction with China, sending a signal that t

he US-waged trade war is being expanded to more fields, including forex and financial markets.

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