Chinese premier smooching up on the phone to IMF boss Lagarde

  • China is capable of keeping yuan basically stable against a basket of currencies

Basically stable ? Gee thanks. China might do a little better once its left hand works in partnership with its right.

  • China capable of keeping economic growth at medium to high pace

China obviously feeling a little heat from the IMF since the yuan is now included in their SDR basket.

Lagarde- Keep smiling Mr Li, then they'll think we don't have an issue.