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Urgent: Chinese premier says RMB exchange rate to stay basically stable

Xinhua, September 20, 2016 Adjust font size:

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. Endi