China to push for tax cuts, avoid competitive currency devaluation

BEIJING (Reuters) - China will push for larger tax cuts, Premier Li Keqiang said on Tuesday, adding that it would help small firms facing funding difficulties and widen access for private firms in infrastructure.

China will not resort to competitive currency devaluation and is able to keep its yuan currency basically stable, Li added, reiterating that it would not resort to forceful stimulus to prop up the economy.

He was addressing a joint news conference with the heads of international agencies following a meeting in Beijing.

Reporting by Kevin Yao and Beijing Monitoring Desk; Editing by Clarence Fernandez

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Gold stocks outperform equity market gains

Most major producers rise but TSXV gold mixed

Platinum, palladium, copper gain on green China, supply constraints

Gold stocks continue to soar as markets stumble

Gold stocks again reach new highs