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"China will open its door even wider to the outside world," Li said.
Chen's case is one of the many under U.S. President Barack Obama's new strategy to fight trade-secret theft, with Chinese and Chinese enterprises on top of its target list.
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.
During the two-nation tour packed with various bilateral and multilateral activities, Xi reached out to all social circles of the places he visited, delivered a series of important policy speeches, and presented a slew of new initiatives and measures, Wang said.
Beijing, Xi added, will grasp the opportunity of the upcoming sixth Ministerial Conference of the Forum on China-Africa Cooperation to promote the development of the new type of China-Africa strategic partnership, so as to bring more benefits to the Chinese and African people.