China's premier says renminbi at ‘equilibrium’

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 [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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 here: