China's premier says renminbi at ‘equilibrium’

li-keqiang-china-premier
Li Keqiang

China's premier, Li Keqiang, said on Tuesday (August 25) that the renminbi has reached "equilibrium" and will be "kept basically stable", signalling the government is at ease with the current USD/CNY rate of 6.4.

Li made the comments during a meeting in Beijing with Kazakhstan deputy prime minister Bakytzhan Sagintayev, according to state news agency Xinhua.

This comes as the Chinese government steps up efforts to stabilise the country's stock market after two days of heavy selling, which have

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.