China Premier Li: China won't devalue currency to stimulate exports

Dhwani Mehta FXStreet

More comments flowing in from China’s Premier Li, as he now speaking about the macroeconomic policies and economic outlook in his speech at the World Economic Forum (WEF) event in Tianjin.

Economy maintains steady growth, fundamentals healthy.

There are significant changes in the external environment.

Difficulties in maintaining steady growth increasing.

China has ample policy tools to cope with difficulties and challenges.

Will keep macroeconomic policies steady, will not resort to strong stimulus.

Will fine tune policies in a pre-emptive way.

Won't devalue the currency to stimulate exports.

China will continue to cut import tariffs on some goods.

China will crack down on violations of domestic and foreign IP.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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