China FinMin Unexpectedly Skips Asian Trade Summit To Attend “Emergency Meeting”
by Tyler Durden
ZeroHedge.com
May 5, 2017
Coming a time when traders and analysts are looking with growing concerns toward Beijing, riddled by deja vu memories of the China-induced near-bear market of 2016 when in a similar episode China’s credit impulse tumbled – something which even Pimco highlighted earlier this week, when it reposted a chart first shown here in February…
… worries that not all may be well in China – for the second time in two years – grew this morning after the country’s Finance Minister, Xiao Jie, unexpectedly skipped a summit conference with his Japanese and South Korean peers on Friday to attend an “emergency domestic meeting”, a senior Japanese finance ministry official said quoted by Reuters. The official told reporters during a ministry press briefing that Xiao’s absence was not related to any diplomatic matters, adding that Xiao was expected to attend the Japan-China finance dialogue in Japan scheduled for Saturday. He did not elaborate on the nature of the minister’s emergency meeting.
The Rest…HERE
