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The
yuan has stabilized this year, due to curbs on capital outflows
and a reversal of a rally in the dollar, following a fall of 6.5
percent in 2016 - the Chinese currency's biggest annual drop
since 1994.
"China's foreign trade grew sharply in the first quarter of this
year," Xinhua quoted Li as saying in a post on Weibo, the
country's equivalent of social network Twitter.
"A very important reason is that market confidence in the
renminbi (yuan) has significantly strengthened."
The outside world has stable expectations for the currency's
exchange rate, he added.
Li also reiterated that China would keep the yuan basically
stable at a reasonable, balanced level, Xinhua said.
China's 2017 export outlook brightened considerably as it
reported forecast-beating trade growth in March and as U.S.
President Donald Trump softened his anti-China rhetoric in an
abrupt policy shift.
(Reporting by China monitoring desk and Kevin Yao; Editing by
Clarence Fernandez)
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