Port City: Trade Conflict and Forum Event

port city: Addressing a World Economic Forum event in the port city of Tianjin on Wednesday, Li did not directly mention the trade conflict but he said talk of Beijing deliberately weakening its currency was groundless, according to Nine News Australia. One-way depreciation of the yuan brings more harm than benefits for China, he said. To improve your experience update it here News World China won't weaken currency, premier says5 05pm Sep 19, will not engage in competitive currency devaluations, Premier Li Keqiang has stressed, hours after China hit back with a softer punch than the one landed by the US in an escalating tariff war between the world's largest economies. China will never go down the road of relying on yuan depreciation to stimulate exports. His remarks gave a lift to the yuan, which has lost about 9 per cent of its value since mid-April amid the ongoing trade war. China will not do that to chase thin profits and a few small bucks . Li went on to say that the world's multi-lateral trading system should be upheld, and that unilateral trade actions will not solve any problems. (news.financializer.com). As reported in the news.