Li proposes to EBRD chief to support growing economic links with Belt and Road cooperation

China has no intention to stimulate exports through competitive currency devaluation, and there is no basis for the renminbi to continue exchange rate depreciation, Premier Li Keqiang said while meeting with Suma Chakrabarti, president of the European Bank for Reconstruction and Development on Friday in Beijing.

China is able to keep the RMB exchange rate stable at a reasonable and balanced level, Li said.