China won't pursue competitive devaluation of yuan: Premier Li
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China will stick to market-oriented reform of the exchange rate formation mechanism and won't pursue competitive devaluation of its currency, Premier Li Keqiang said here Wednesday.

"China will create conditions for a stable exchange rate," said Li at the opening plenum of the Annual Meeting of the New Champions 2018, also known as Summer Davos.

Author： 　　　Source：xinhua　　　 Editor：Yang Fan