Chinese premier Li Keqiang has trumpeted the benefits of global trade, in a speech at the World Economic Forum today in Tianjin, China. And as trade tensions with the US heat up, Li said Chinese policy makers have plenty of tools at their disposal to offset any negative effects from US tariffs. In view of that, he highlighted that China won’t seek to devalue its currency as a competitive weapon against the US, Reuters reports. The Chinese renminbi (CNY), has already fallen by around 9% against the USD since the greenback began to strengthen in April. And in the context of the trade war, those falls “are worth ... (full story)