China not to adopt beggar-thy-neighbor currency devaluation: Xi
Xinhua |
Updated: 2019-04-26 10:15
Share
Share - WeChat
BEIJING -- President Xi Jinping said Friday that China will not engage in beggar-thy-neighbor currency devaluation.
Xi made the statement in a keynote speech at the opening ceremony of the Second Belt and Road Forum for International Cooperation in Beijing.
China will continue to improve the exchange rate formation mechanism of its currency, the renminbi, and keep the exchange rate generally stable on a reasonable and balanced level, he said.
- Greece shares flavor of top alcoholic exports at expo
- Holiday travelers urged to give safety top priority
- China home to 5.08 million ancient and famous trees
- China's R&D spending reports steady growth in 2024
- Barrier lake disaster in Taiwan sparks heavy criticism of DPP
- Tech hub Hangzhou eyes high-level innovative city to draw global talent
