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Upon his arrival, Li said that the relationship between China and Colombia has entered a new era and is faced with new opportunities, adding that bilateral practical cooperation in various areas is accelerating.
LIMA, May 22 (Xinhua) -- China, Brazil and Peru have decided to conduct a feasibility study on a proposed transcontinental railway line connecting Peru's Pacific coast with Brazil's Atlantic coast, visiting Chinese Premier Li Keqiang said here on Friday.
He pledged to work with Cameron to strengthen political mutual trust, boost exchanges and dialogue, and carry forward practical cooperation in trade and investment, finance and other fields.
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.
He urged that the existing cooperative projects should be carried out as soon as possible through joint ventures, public-private partnership (PPP) and franchising.
来源：资阳报