The US is urging Beijing to be mindful of how it communicates policy changes, amid continuing turmoil in financial markets driven by fears about slowing growth in China and doubts over the country’s opaque response.
Concerns over the Chinese economy and recent volatility in markets are likely to top the agenda when US Treasury secretary Jack Lew and other G20 finance ministers and central bank governors gather in Ankara, Turkey, on Friday.
Policymakers in Washington and elsewhere — as well as investors around the world — have become frustrated in recent weeks with what many see as the poor job China has done communicating its intentions in the wake of a summer collapse in the local stock market and changes on August 11 to how it manages trading in the renminbi.