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China has no intention to gain trade advantages by devaluing its currency, as the yuan's depreciation cannot necessarily lift exports, said Song Xiangyan, an analyst with the PBOC.
China has also been active in facilitating the development of human rights in the world over the past four decades, according to the white paper.
China has been working to translate its growing economic might into real influence in the ways of having greater voices in global price-setting and making its currency play a bigger role on the global stage.
China had established more than 3,500 new towns as of July 2016, according to the latest data compiled by the National Development and Reform Commission's think tank.
China has followed a development path similar to that of Japan and South Korea. For all three, exports and imports played a key role during their early, fast-growth periods. Exports were a critical source of demand for their newly developing industries.
