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Premier Li says RMB exchange rate to stay basically stable

Updated: Sep 20,2016 10:50 AM     Xinhua

The exchange rate of Chinese currency RMB will stay basically stable at a reasonable and balanced level, Premier Li Keqiang said on Sept 19.

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

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