November 13, 2018 / 12:10 PM / 6 months ago

China will keep yuan stable: Premier Li

Chinese Premier Li Keqiang speaks at the 44th Singapore Lecture in Singapore, November 13, 2018. REUTERS/Athit Perawongmetha

SINGAPORE (Reuters) - China’s Premier Li Keqiang said on Tuesday Beijing will keep the renminbi stable and rangebound, as the currency recovered slightly from near-decade lows after media reports fueled hopes of a de-escalation in the Sino-U.S. trade war.

“We will keep the renminbi in a reasonable range and basically stable. Not only this, we will create other measures to ensure China has a good investing environment with good and stable returns,” Li said in a speech in Singapore.

Li added that China will not depreciate the currency just to stimulate exports.

Reporting by Chyen Yee Lee; Editing by John Geddie and Raju Gopalakrishnan

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below