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China eyes currency swap with Japan and South Korea amid trade tensions: source (www.scmp.com)

submitted 4 months ago by rss@news.abolish.capital to c/china@news.abolish.capital

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China is in talks with Japan and South Korea – both US allies – about a possible trilateral currency swap to bolster the region’s financial safety net and deepen economic cooperation amid US President Donald Trump’s trade war, according to a source familiar with the issue. Pan Gongsheng, governor of the People’s Bank of China (PBOC), touched on the issue with his South Korean and Japanese counterparts, Rhee Chang-yong and Kazuo Ueda, on the sidelines of the IMF-World Bank annual meetings in...

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