IMF's Rato says no case for sanctions on China

IMF Managing Director Rodrigo Rato said in an interview on Thursday 28 July that there is no case for trade retaliation against China because of its foreign exchange policy.

In an interview with Reuters, Rato also said it was not the global lender's role to help those who sought to pressure China into speeding up a move to end a decade-old peg between the yuan and the dollar, which American manufacturers say amounted to an unfair trade advantage.

"We were insisting all through the summer and th