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China says Brexit will deepen global instabilities

Premier rules out the possibility of long-term depreciation of the renminbi and says China is working to implement a manageable floating exchange rate regime

The Brexit vote came as a shock to markets and investors worldwide with stock exchanges falling in Asia, Europe and the United States.


THE United Kingdom's vote to leave the European Union will add to uncertainties weighing on the global economy, China's Premier, Li Keqiang, said, adding that China remained committed to enhancing ties with both of its trading partners.

In his annual address to a floor of 2