• Chinese Premier Li Keqiang: Brexit will lead to instability in the global economy

Market news

27 June 2016

Chinese Premier Li Keqiang: Brexit will lead to instability in the global economy

- UK' s exit from the EU has added new factors of uncertainty to the the global economy, its impact is already being felt.

- there is a need to promote the restoration of global growth, together overcoming all the problems.

- China will continue to maintain relations with the EU and the UK as an important partner.

- China's economy is not threatened by a hard landing. We have every opportunity to achieve the main goals of socio-economic development in the current year.

- China's development is facing a number of challenges, including the weakening of external demand, the financial risks and uncertainties, however, expressed confidence that the country will cope with these difficulties.

- the basic situation in China's economic development is that the reason for the long-term devaluation of the RMB is not there.

- we have the ability to maintain the RMB exchange rate at a reasonable and balanced level.

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