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
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Beijing
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 2,000 or so businessmen gathered for the summer edition of the World Economic Forum in Tianjin, he reiterated that China's growth was on track to hit its annual target and that the world's second largest economy would not head for a hard landing.
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