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The seminar was attended by about 200 officials.

Chinese Foreign Ministry Spokesperson Hong Lei made the remarks in response to Vietnam's objection to China's two-month fishing moratorium in the sea areas under China's jurisdiction in the South China Sea. This year's fishing ban starts on May 16.

Li said China is willing to communicate and coordinate with India on global issues including global governance, international financial reform, climate change, and sustainable development, and jointly safeguard the legitimate rights of the two countries as well as other developing countries.

Li Keqiang: I have to say I am half convinced and half doubtful. When the QE is in place, there may be all sorts of players managing to stay afloat in this big ocean. Yet it is difficult to predict now what may come out of it when the QE is withdrawn. And although there is little debate about whether there will be an interest hike in the United States, people are quite uncertain about when this interest hike will take place. Honestly speaking, it is quite easy for one to introduce QE policy, as it is little more than printing money. But what about the structural problems that have led to the global financial crisis and weak economic recovery? We believe one needs to undertake structural reforms. Yet not that many countries have taken significant steps in this direction. This is like treating a patient. We need to give him IV drip and antibiotics. Otherwise, it may cost us the time to cure his disease. But eventually, one has to discontinue the use of antibiotics to allow the patient himself to recover on his own physical strength. So I’m not an outright opposer to QE, but I believe what is more important is the structural reforms.

President Xi: China will vigorously promote regional financial cooperation