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China will not resort to massive stimulus, yuan devaluation: PM Li

Prime Minister Li Keqiang said that persistent depreciation will do more harm than good to the country.


CHINA will not resort to a massive stimulus as it did in 2008 to boost its economy, Prime Minister Li Keqiang said in his opening speech at the summer edition of the World Economic Forum held in Tianjin on Wednesday.

To a floor of mostly Chinese and foreign business...

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