By CGTN's Li Chaoran & Tian Wei
During his election campaign, and more recently in an interview with Reuters, US President Donald Trump labeled China a currency manipulator. But will the US Treasury make a formal declaration that China has manipulated its currency? What would that mean for China and how might China react?
To find out more, in our special interview series "In My Opinion," CGTN senior correspondent Tian Wei spoke to China's Vice Finance Minister Zhu Guangyao.
Zhu said China is and always has been making extreme efforts to stabilize the RMB's exchange rate, adding that the IMF has a clear policy statement on such actions.
Zhu also said that the US Treasury understands the situation well, and that effective communication could help Trump to better realize the actual state of affairs.
In terms of bilateral relations, Zhu said the Chinese Finance Ministry and the US Treasury constantly work closely together at "all levels," even during the campaign period and after the transition.
Zhu added that the two sides frequently exchange views, and that China and the US should follow IMF rules and regulations that both sides agree on.