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Yu, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), said the meeting between Chinese President Xi Jinping and Malaysian Prime Minister Najib Razak, on the sidelines of the 2015 Boao Forum for Asia in South China's Hainan Province in March, marked a good start for bilateral ties this year.
China is faced with the heavy task of ensuring employment in 2015 against the backdrop of an economic slowdown.
BEIJING, April 14 (Xinhua) -- Chinese Premier Li Keqiang on Tuesday urged Japan to grasp the opportunity to improve bilateral ties and properly handle historical issues.
Li Keqiang: China has been advancing the reform of the RMB exchange rate formation mechanism to widen the RMB floating band and improve the market-based, managed exchange rate regime. For some time, there has been slight devaluation of the Chinese currency. But this is not because of the steps taken by the Chinese side, but because of a stronger US dollar. I believe the current value of the RMB is basically stable. We don’t want to see further devaluation of the Chinese currency, because we can’t rely on devaluing our own currency to boost export. Instead, what we need is to boost our domestic demand. Otherwise, it will be difficult for us to adjust our economic structure. We don’t think companies in China should mainly rely on a devalued Chinese currency to boost export. Instead, they should focus on enhancing their competitiveness by raising the quality of products and making technological innovations. At the same time, we hope that all major economies will enhance coordination on macroeconomic policies. We don’t want to see a scenario in which major economies trip over each other to devalue their currencies. That will lead to a currency war. And if China feels compelled to devalue the RMB in this process, we don’t think this will be something good for the international financial system. This may ultimately lead to trade protectionism and impede the globalization process. This is something we don’t want to see.
The Central Asian country, which is facing economic difficulties amid a challenging global economy, has a strong desire to strengthen trade and industrial capacity cooperation with China, the world's manufacturing power.P In late 2014, China and Kazakhstan reached preliminary consensus on industrial capacity cooperation worth more than 14 billion U.S. dollars.
来源：资阳报