China’s Premier: World Must Work Together on Economic Policy in Wake of Brexit

by Telegraph Reporters

Chinese Premier Li Keqiang on Friday called on world leaders to step up macroeconomic policy co-ordination, after meeting the heads of the International Monetary Fund, the World Bank, and other senior global economic officials.

Mr Li said the sound fundamentals of China’s economy remained unchanged despite facing strong downward pressures, and that the government’s debt ratio was not high, although he added that the government would step up regulation of the shadow banking sector and monitor local government fiscal practices.

The premier also addressed concerns that China is promoting its exports through aggressive policy support with the yuan weakening against the dollar.

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