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"Given the economic and financial situation at home and abroad, there is no basis for continuous depreciation of the RMB," Xi stressed. "We are against competitive depreciation or a currency war. We will not lower the RMB exchange rate to stimulate export."

The United States and China have broad cooperation prospects in such areas as green financing and sustainable urbanization, he said, adding the Paulson Foundation would play a positive role to this end.

BEIJING, Oct. 10 (Xinhua)-- Chinese Foreign Ministry said Saturday that the two lighthouses recently built on reefs in the South China Sea will help guide passing vessels and significantly improve navigation safety.

The leaders and representatives believe that the Belt and Road Initiative offers a new opportunity for countries along the Silk Road to attain common development on a mutually beneficial basis, and brings new hope for countries to "overcome temporary difficulties."

Singapore and China also look forward to enhancing financial connectivity to support projects under the Belt and Road Initiative, in order to facilitate access by Chinese companies to ASEAN markets through Singapore, said MAS in the press release.