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"China has no intention of stimulating exports via competitive devaluation of currencies," he said, adding that China is capable of keeping the yuan's exchange rate basically stable at an appropriate and balanced level.
Lin said the initiative will improve infrastructure, attract investment, create new jobs, raise incomes, productivity and the overall living standards of people living and working in the countries involved.

On the South China Sea situation, Wang urged the United States to be objective, fair and reasonable in the way it deals with the issue.
These lines, part of an ambitious initiative for regional integration, are bringing countries along routes new opportunities and hope, and will no doubt be the subject of much conversation at the upcoming Shanghai Cooperation Organization (SCO) prime ministers' meeting from Dec. 14 to 15. China's neighbors have high hopes that the Belt and Road will help their slowing economies. If successful, the Belt and Road will become a trade, investment and infrastructure network that connects Asia with Europe and Africa.
China proposed the establishment of an economic corridor among the three countries to promote trilateral cooperation and common prosperity.
来源:资阳报