China won't allow 'roller-coaster rides' in its markets after Brexit: Premier Li

China won't allow 'roller-coaster rides' in its markets after Brexit: Premier Li

Thomas Peter

"It's hard to avoid short-term volatility in China's capital markets, but we won't allow roller-coaster rides and drastic changes in the capital markets," said Li, speaking at the World Economic Forum (WEF) in the city of Tianjin.

China will prevent systemic and regional risks when developing its capital markets, said Li.

In a speech on Monday, Li said China hopes for a united and stable EU and a prosperous United Kingdom, but added, "against the backdrop of globalization, it's impossible for each country to talk about its own development discarding the world economic environment."

(Reporting by Beijing monitoring desk; Editing by Kim Coghill)

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