These Were the Most Interesting Things Said at Davos Today
Chinese yuan, U.S. rates, and the revolving door.
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Day Two of the World Economic Forum’s annual meeting was dominated by China and the U.S., though the third and final day in Davos promises to shift the regional focus, with European Central Bank President Mario Draghi due to speak.
Chinese Vice President Li Yuanchao told Bloomberg News on Thursday that his government has no intention of devaluing the yuan. He also said China will continue to “look after” stock investors, which may offer some reassurance, given recent concerns over the country’s financial markets.