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Premier Li sees no further currency depreciation

Staff writer ▼ | August 25, 2015
Premier Li Keqiang said the Chinese yuan will not depreciate further and will "remain basically stable".
Li Keqiang
China and world   Yuan to remain basically stable
The premier said China has improved its system of daily yuan reference rates against the US dollar, part of efforts to better reflect global market developments and such adjustments were also made as part of China's ongoing reform efforts.

There no longer exists a basis for continued depreciation of the yuan and the exchange rate will be kept basically stable, he said.