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The meeting sent a clear signal that the group will "refrain from competitive devaluations," which is helpful to alleviate concerns over a "currency war," Yi said.

But experts within and outside China agreed that, the government, with a sizable income and relatively low debt, could afford the deficit rise to facilitate structural reform.

BEIJING, March 8 (Xinhua) -- The frequency of terrorist incidents in Xinjiang has dropped significantly, the autonomous region's Party chief said Tuesday.

BEIJING, March 6 (Xinhua) -- Chinese leaders on Sunday called for more efforts to deepen reforms and develop the economy while talking to legislators and political advisors.

BEIJING, March 3 (Xinhua) -- While leading China's reform, opening up and modernization drive, the Communist Party of China (CPC) Central Committee, with Xi Jinping as general secretary, has drawn on the wisdom from the nation's millenniums-old culture.