TIANJIN, China -- Britain's vote to leave the European Union is already having an impact on international financial markets, adding to the uncertainty facing an underperforming global economy, Chinese Premier Li Keqiang told a summer session of the World Economic Forum here Monday.
The yuan fell to a five-and-a-half-year low against the dollar in the wake of last Thursday's U.K. referendum. Speaking to assembled business and finance leaders, Li argued that a long-term decline in the Chinese currency would have no basis in economic reality.