Economics
Turkey Sees China Joining G-20 Unity Against 'Currency Wars'
- Deputy PM Yilmaz says group against competitive devaluations
- Communication on future of global monetary policies needed
Chinese President Xi Jinping, left, arrives at the Antalya International Airport for the G20 Turkey Leaders Summit.
Photographer: Anadolu Agency/Getty ImagesThis article is for subscribers only.
Group of 20 nations including China are united in rejecting policies that risk triggering currency wars while trying to bolster economic growth, according to the Turkish host government.
Currency devaluations should reflect market realities rather than become policy tools for national governments, Turkey’s Deputy Prime Minister Cevdet Yilmaz said Saturday in the Mediterranean city of Antalya, where world leaders will gather for a two-day summit starting Sunday.