China's Economy Will Recover in Second Quarter

April 23 (Bloomberg) -- Ting Lu, head of Greater China economics at Bank of America Merrill Lynch, talks about the outlook for China's economic growth. China’s manufacturing is expanding at a slower pace this month, adding to concern that the world’s second-biggest economy is faltering. Lu speaks in Hong Kong with Rishaad Salamat on Bloomberg Television's "On the Move." (Source: Bloomberg)

New Dawn for China as Yuan Joins Majors
28:12 - The IMF will add the yuan to its basket of reserve currencies, an international stamp of approval of the strides China has made integrating into a global economic system dominated for decades by the U.S., Europe and Japan. The yuan weakened in offshore trading amid speculation China’s central bank will rein in intervention. PBOC Deputy Governor Yi Gang said at a briefing the long-term goal is for very few interventions, adding that bigger two-way fluctuations are normal.
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