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The Chinese military helicopter fleet's mission in Nepal continues.
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.
Oh Ei Sun, a senior research fellow at Nanyang Technology University of Singapore and former political secretary to the Malaysian prime minister, said Xi's reiteration of the Bandung Spirit is of great significance under the current international situation when hegemony still hangs on.
Xi also highlighted the importance of unions, demanding that they better link common workers with the Communist Party of China.
As the world's second-largest economy enters a period of plateauing economic growth, it must interact with the world in a more sophisticated way in order to realize medium-high levels of economic growth and development, the premier said.
来源：资阳报