⚡ Breaking overnight: "China’s central bank said ... Washington’s decision to label Beijing as a currency manipulator would “severely damage international financial order and cause chaos in financial markets." (Reuters)

  • China also said today that it "will not stand idly by" and will take countermeasures if the U.S. deploys intermediate-range missiles in the Asia-Pacific region, which Washington has said it plans to do within months. (AP)

Today's Smart Brevity count: 1,447 words ... 6 minutes.

📱 Thanks for reading Axios AM. Invite your friends, relatives, co-workers to sign up here.