Trade row a 'lose-lose' situation

PBOC chief says tensions could bring downside risks to global economy

China is seeking constructive solutions to Sino-US trade tensions for the benefit of the global economy and has no interest in depreciating its currency as a tool, said central bank governor Yi Gang.

"We have considerable space for using monetary policy tools, including interest rates and reserve requirement ratios. These tools are available to deal with uncertainties," said Yi, the governor of the People's Bank of China, when he attended the annual International Banking Seminar of the Group of Thirty on Sunday in Bali, Indonesia.