EU-China talks; PBoC on RMB; Measures for protecting the rights and interests of gig workers; Holiday spending; AI safety

The People’s Bank of China on Thursday published a statement of its policy position on the Renminbi. It is a defense of the existing policy and a rebuttal to pressure for RMB appreciation, and nicely timed for the trade discussions with the EU. It directly criticizes the use of IMF assessments to justify demands for RMB appreciation. So much for Merz et al’s fantasy of something like a new Plaza Accord… Securities Times says the trigger was growing talk in international opinion that links the c

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