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He made the remarks at two symposia on March 24 and 25, with over 20 representatives from international organizations, entrepreneurs and scholars who were in Beijing to attend the China Development Forum 2018.

"That occurred during a period in which China was largely isolated from the global economy and it therefore cannot be held responsible," Levy said.

In October 2016, The International Monetary Fund included the Chinese currency in its Special Drawing Right (SDR) basket, making the yuan one of the five reserve currencies fully endorsed by the 189-member organization. In January the same year, China had become the third largest member in the organization.

Today it is more important than ever for Chinese people to become financially knowledgeable so they can avoid depreciation of assets.

The meeting also reviewed and adopted a plan to reform the setup of special organizations and public institutions directly under the State Council, organizations and administrative offices under the State Council, and administrations and bureaus under the ministries and commissions.