China does not intend to use a cheaper yuan as a way to boost exports and has the tools to keep the currency stable, the premier said, state news agency Xinhua had reported earlier Saturday.
"China has no intention of stimulating exports via competitive devaluation of currencies," the premier said at the meeting in Beijing, which marks China's previously announced official entry into the bank.
Li added that China is capable of keeping the yuan's exchange rate basically stable at an appropriate and balanced level, Xinhua reported.
After a nearly three percent devaluation in mid August 2015 which rattled markets, China's yuan has fallen over one percent so far in 2016, as the nation has struggled to contain capital outflows in the wake of a dramatic equity market collapse and weak economic data.
Despite recent declines, China has the world's largest foreign exchange reserves, and policymakers have repeatedly said they have the firepower to keep the yuan stable.
China will invest an additional $50 million in the Asian Infrastructure Investment Bank (AIIB), President Xi Jinping said separately at the bank's opening ceremony in Beijing on Saturday.
The AIIB, which is seen as a rival to Japan-led ADB and U.S.-led World Bank, has become one of China's biggest foreign policy successes, and was set up by Beijing after it became frustrated by delayed reforms at the International Monetary Fund.
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