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BEIJING, April 1 (Xinhua) -- A Chinese Foreign Ministry spokesperson on Wednesday urged Japan to adopt a correct view of history, reality and make constructive efforts for a settlement of islands issue.

China unveiled a series of new measures that will give more power to anti-graft watchdogs in their leadership selection on Monday, as part of the reforms to increase authority of discipline agencies.

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 all-around cooperation between the two countries would bring practical benefits, and also help lift up China's influence in Europe, said Lukashenko.

Growth of the world's second largest economy declined to 7 percent in the first quarter, the weakest performance since the global financial crisis, when growth fell to 6.1 percent in the first quarter of 2009.