Impact of U.S. maximum pressure weakens on A
BEIJING, Aug. 8 (Xinhua) -- The impact of maximum pressure exerted by the United States on China's A-share market has weakened in light of recent market performance, according to an official with China's securities regulator.
By labeling China as a "currency manipulator," the United States had triggered violent turbulence in the global financial market, said Li Chao, deputy head of the China Securities Regulatory Commission.
"The country is cutting off its nose to spite its face with such irresponsible behaviors," said Li, stressing that the U.S. has suffered the consequences while inflicting losses on the stock markets of other countries and regions.
The U.S. maximum pressure is showing a tapering impact on the A-share market, as China's capital market posts stronger resilience, and its ability to resist external shocks is improving, Li said.