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Whether China will announce an ADIZ depends on the situation. The general situation of the South China Sea currently is stable, he said.

-- The economy operated within an appropriate range.

Greater openness is also a way of reform. We will open the country wider to the outside world, including orderly opening of the services, financial and other sectors, and make China a most preferred destination for foreign investment with more opportunities and better environment. The year before last, we launched the Shanghai-Hongkong Stock Connect. This was a major step in opening up China's capital market. At an appropriate time this year, the Shenzhen-Hongkong Stock Connect will also be launched. We will continue to maintain the basic stability of the RMB exchange rate at an adaptive and equilibrium level. The economic fundamentals are such that allows for no basis for continued depreciation of the RMB exchange rate. China is a responsible major country. We will continue to make the RMB exchange rate more market-oriented by acting on the principles of voluntarism, gradualism and controllability. We will not fight a currency war, and will never stimulate export by depreciating the currency.

The following is the English version of the article:

"I meet entrepreneurs frequently and many have doubts as the economy faces downward pressure, but Xi's words clear the air," said Wang Naijing, a national political advisor.