Global Analysis from the European Perspective. Preparing for the world of tomorrow

China’s premier downplays fears of global currency war, ensures that currency will remain stable

China’s Premier Li Keqiang on Wednesday warned against the risks of a currency war and ensured that the yuan would remain stable. He also played down concerns about economic volatility despite admitting downward pressure. Li ruled out continuous deprecation as a policy option because it would not help the yuan’s internationalisation. Source: SCMP

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