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The conference adopted a final communique containing ten principles, which underlined respect for sovereignty and territorial integrity of all nations and recognition of the equality of all races and the equality of all nations.

Meanwhile, fruitful exchanges are also expected from China-Russia Prime Ministers' Regular Meetings and discussions of subcommittees for energy, social and investment cooperation.

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.

The system of random checks began last year when the organization department inspected 1,550 provincial cadres and candidates. Checks by local governments covered over 60,000 officials at county level and above.

"China will open its door even wider to the outside world," Li said.