China Premier Li: China won't devalue currency to stimulate exports

More comments flowing in from China’s Premier Li, as he now speaking about the macroeconomic policies and economic outlook in his speech at the World Economic Forum (WEF) event in Tianjin.

Economy maintains steady growth, fundamentals healthy.

There are significant changes in the external environment.

Difficulties in maintaining steady growth increasing.

China has ample policy tools to cope with difficulties and challenges.

Will keep macroeconomic policies steady, will not resort to strong stimulus.

Will fine tune policies in a pre-emptive way.

Won't devalue the currency to stimulate exports.