You Call It ‘Yuan Stability Promises’ And ‘Stimulus Hopes’, I Call It ‘The National Team’

Chinese Premier Li Keqiang's Wednesday promise not to devalue the yuan further to fight the trade war with Donald Trump gave risk assets in Asia a boost overnight. “Recent fluctuations in the renminbi exchange rate have been seen as an intentional measure, but that isn’t true,” Li told the World Economic Forum in Tianjin, in a keynote speech. He went on to say that "one-way" devaluation "will do more harm than good to China’s economy" and as such, Beijing "will by no means stimulate