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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
