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Premier: China Won't Devalue Yuan to Boost Exports
China has no plans to devalue its yuan to boost exports and will keep its exchange rate stable, the country's top economic official said Wednesday.
Premier Li Keqiang's comments follow heavy spending by the central bank to shore up the currency.
U.S. President Donald Trump has repeatedly vowed to declare that Beijing improperly manipulates its exchange rate, a step that opens the way to possible trade sanctions.
``China has no intention to devalue its...