China's premier says renminbi at ‘equilibrium’
Chinese government is comfortable with current FX rate
China's premier, Li Keqiang, said on Tuesday (August 25) that the renminbi has reached "equilibrium" and will be "kept basically stable", signalling the government is at ease with the current USD/CNY rate of 6.4.
Li made the comments during a meeting in Beijing with Kazakhstan deputy prime minister Bakytzhan Sagintayev, according to state news agency Xinhua.
This comes as the Chinese government steps up efforts to stabilise the country's stock market after two days of heavy selling, which have
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