China does not want a trade war with the US and will not devalue the renminbi to boost exports, the country’s premier said on Thursday, as he struck a conciliatory note ahead of a series of high-level bilateral meetings.
Li Keqiang was speaking hours after Robert Lighthizer, President Donald Trump’s nominee for US trade representative, said China would be one of his major challenges, requiring a “multi-faceted” approach to combat its alleged trade abuses.
“We don’t want to see a trade war between China and the US,” Mr Li told reporters at the close of China’s annual parliamentary session. “That wouldn’t make our trade fairer.”
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