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Premier Li Keqiang on RMB exchange rate

Updated: Aug 25,2015 8:02 PM

Premier Li Keqiang talked about the RMB exchange rate when meeting with First Deputy Prime Minister of Kazakhstan Bakytzhan Sagintayev on Aug 25.

Premier Li said that China has recently improved the quotation regime of the RMB central parity as an appropriate response to international financial market developments. Such adjustment was also made as part of China’s ongoing reform efforts. Now there exists no basis for continued depreciation of the RMB, and the exchange rate will be kept basically stable at an adaptive and equilibrium level.