January 17, 2017 / 11:24 AM / in a year

China's Xi says will not devalue renminbi or start trade war

DAVOS, Switzerland (Reuters) - China will not devalue its yuan, also known as the renminbi, or start a trade war, President Xi Jinping said on Tuesday.

Xi told the World Economic Forum in Davos, Switzerland, that China stood for open, transparent and win-win trade agreements, and called on other countries not to blame others when tackling “difficulties”.

“China will keep its door wide open and not close it,” Xi said.

Reporting by Noah Barkin and Elizabeth Piper

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