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Delivering the keynote speech at the New Year's celebration for the country's top political advisory body, Xi said the drive to comprehensively build a moderately prosperous society has entered its final stage and Chinese people need to "grit their teeth, hold their breath, concentrate and show their tough will" as the race to complete the goal draws near.

BEIJING, Dec. 7 (Xinhua) -- China will host the 14th Shanghai Cooperation Organization (SCO) prime ministers' meeting in Zhengzhou, capital of the central Henan Province next Monday and Tuesday.

Xi urged the organs to lose no time in adapting to changes in their operational command system and building themselves into a smooth-running and effective joint command system.

Seoul's trade ministry said Saturday that the free trade accord will take effect from Dec. 20. It is widely anticipated here to expand presence of South Korean companies in the world's largest consumer market and boost bilateral relations in trade and economy.

When talking about the RMB exchange rate, Li stressed that the Chinese government has no intention of boosting exports by devaluing the yuan. Still less would China go for a trade war. The fact is the RMB exchange rate has remained basically stable against a basket of currencies. And there is no basis for continuous depreciation of the RMB.