Premier Li Says China Won't Devalue Yuan to Boost Exports

Li Keqiang's keynote at the World Economic Forum in Tianjin focused on major trade themes, including criticism of unilateralism, particularly targeting the U.S. under Trump's administration. He emphasized that currency devaluation is not beneficial and reiterated China's commitment to opening its markets and ensuring a level playing field for foreign companies. Li also highlighted China's status as a developing nation under WTO rules, which has been a point of contention with the U.S.

What was the main theme of Li Keqiang's speech at the World Economic Forum?

• Criticism of unilateralism

• Promotion of currency devaluation

• Advocacy for trade isolation

• Support for unilateralism

What did Li Keqiang say about currency devaluation?

• It is a solution to trade issues

• It hurts or helps no one

• It helps exporters

• It benefits all countries

What commitment did China reiterate regarding market access?

• To restrict foreign companies

• To further open markets at a faster pace

• To maintain current market access levels

• To open markets at a slower pace

How does China justify its trade practices under WTO rules?

• By claiming to be a developed nation

• By arguing for equal treatment with the US

• By emphasizing its large economy

• By stating it is still a developing nation

What has Donald Trump criticized regarding China's status in the WTO?

• China's lack of market access

• China's currency policies

• The WTO's advantageous position for China

• The WTO's support for US trade policies