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Chinese premier says RMB exchange rate to stay basically stable

Source: Xinhua | 2016-09-20 08:47:56 | Editor: huaxia

Chinese Premier Li Keqiang (R) meets with U.S. President Barack Obama in New York Sept. 19, 2016. (Xinhua/Li Xueren)

NEW YORK, Sept. 19 (Xinhua) -- The exchange rate of Chinese currency RMB will stay basically stable at a reasonable and balanced level, Chinese Premier Li Keqiang said here on Monday.

There is no basis for a sustained devaluation of RMB, Li said as he met with U.S. President Barack Obama, adding that the Chinese economy has shown a steady upward trend and has huge room for maneuver.

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Chinese premier says RMB exchange rate to stay basically stable

Source: Xinhua 2016-09-20 08:47:56

Chinese Premier Li Keqiang (R) meets with U.S. President Barack Obama in New York Sept. 19, 2016. (Xinhua/Li Xueren)

NEW YORK, Sept. 19 (Xinhua) -- The exchange rate of Chinese currency RMB will stay basically stable at a reasonable and balanced level, Chinese Premier Li Keqiang said here on Monday.

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[Editor: huaxia ]