China Premier Li – Would never enter currency war, to keep Yuan stable

As per Bloomberg report, China Premier Li has said today his country would avoid jumping into the ongoing currency wars in Europe and Asia and added that PBOC intends to keep Yuan stable.

Key quotes

Monetary policy should keep prices stable

China is still the stabilizer of world economy

China economy growing steadily

China economy faces long-term downward pressure

World economy cannot continue to go downward without limit