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He expressed the belief that the CPC will score greater achievements in leading China into a prosperous future.

The economy has maintained medium-high growth this year, Li said.

He stressed that private investment is of critical importance for China to maintain stable economic growth, secure employment and reform its economic structure.

Chinese government and people, with fierce opposition, will neither accept nor recognize the award, it continued.

The policy actions of the United States and China have never been so closely connected. A relative stable RMB exchange rate will help China engineer a smooth economic transition and maintain a stable financial market, which could pave the way for the Fed to further raise interest rates. Clear communications of Fed's decision-making will also help reduce global market uncertainties and capital outflows from China, avoiding a large devaluation of the RMB to some extent.