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Premier Li: China's economy 'stabilizing' with good momentum


09-20-2016 11:26 BJT

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Chinese Premier Li Keqiang has stressed that China's economy is stabilizing with good momentum, and has "huge room" for development. The remarks by the Premier came at a meeting with US President Barack Obama in New York.

Premier Li has noted that the RMB has no basis for continued devaluation, and its exchange rate will remain stable at a reasonable level.

Li also said economic and trade ties are the cornerstone and propeller of the bilateral relationship. He urged for the fast-tracking of investment treaty talks, proper handling of trade frictions, and the establishment of a friendly business environment for companies in both nations. He also hopes that the US will relax restrictions on high-tech exports to China.

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