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Xi also urged localities and departments to implement measures, and to ensure reviews are undertaken to identify potential flaws.
In the phone call, Wang said the important agreement reached in the latest round of Iranian nuclear talks attended by top diplomats of Iran and the P5+1 countries, namely the United States, Britain, France, Russia and China plus Germany, is attributed to all sides seizing the historic opportunity through concerted efforts.
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.
A total of 30 Chinese companies, representing the top-level of equipment manufacturing in China, are showcasing their products at the exhibition, which covers such areas as railway transportation, electricity, information technology and machinery engineering.
A 62-member China International Search and Rescue Team (CISAR) arrived in Nepal's capital Katmandu at Sunday noon and started quake-relief work, according to the China Earthquake Administration.