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China not to devalue currency as trade war with US builds up

Yuan-Dollar. [Photo: Courtesy]

China has said that its currency will remain stable despite heightened trade war with United States. This comes amid concerns of the Yuan dropping against the dollar with about nine percent.

Premier Li Keqiang told his audience of global executives and policy makers that China is not going to devaluate its currency to boost business with the rest of the world.

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