BEIJING, March 15 China will continue to push
yuan exchange rate regime reform and does not hope to use yuan
depreciation to support exports, Premier Li Keqiang said on
The yuan fell 6.5 percent against the dollar last year, with
the central bank spending down foreign exchange reserves to
prevent further weakening in the currency.
China's foreign exchange reserves are sufficient to cover
imports and foreign debt payments, Li said at his news
conference at the end of the annual meeting of China's
parliament, and added that normal use of foreign exchange by
firms and individuals will be guaranteed.
Li also said the yuan will remain basically stable.
(Reporting by Ryan Woo and Kevin Yao, Writing by Elias Glenn;
Editing by Kim Coghill)