Abstract "I have said this many times in this passage, but there is a popular saying on the Chinese Internet, called 'Important things say three times': The RMB does not have the basis for long-term depreciation! We have no intention of playing a currency war, by depreciating Stimulate...
"I have said this many times in this passage, but there is a popular saying on the Chinese Internet, called 'Important things say three times': The RMB does not have the basis for long-term depreciation! We have no intention of playing a currency war, stimulating by depreciation Exporting, this kind of thing hurts others."
On the morning of February 29, Premier Li Keqiang met with US Presidential Representative and Finance Minister Jacob Luh in Ziguangge, Zhongnanhai. His humorous taste caused the laughter of the representative of the US. Li Keqiang emphasized that China will continue to implement a market-based supply and demand, with reference to a basket of currencies and a managed floating exchange rate mechanism to maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.
Jacob Lu immediately said that Li Keqiang’s statement made him "very encouraged."
"My visit to China has just begun. I heard your wonderful video speech at the meeting of the G20 finance ministers and central bank governors in Shanghai. At the end of the visit, I have the opportunity to conduct such a pragmatic and efficient talk with you. "Jacob Lu said, "I think that in the past two weeks, you and other members of the Chinese government have further released positive signals to the global market."
While independently and independently determining macroeconomic policies, countries should strengthen mutual macroeconomic policy coordination.
During the meeting, Li Keqiang reviewed the just-concluded meeting of the G20 finance ministers and central bank governors. The Prime Minister said that the world's major economies have reached a consensus at the meeting. While independent and independent decisions on macroeconomic policies, countries should strengthen mutual macroeconomic policy coordination. This is a relatively stable issue in the current uncertain and unstable world economy. signal.
"In August last year, China adjusted the central parity of the renminbi in response to the fundamental stability of the exchange rate in the process of marketization, and responded to fluctuations in the international currency market." Li Keqiang said, "If we disclose in advance, we must adjust the exchange rate of the renminbi. The quotation mechanism may trigger speculation. The G20 member states have reached a consensus that governments can conduct informal strategic communication on exchange rate issues and explore each other in practice."
Li Keqiang said that in 2015, China’s import and export trade volume against the United States grew against the trend and became the United States’ largest trading partner. As the world's two major economies, China and the United States are interdependent and mutually influential. "China will continue to promote economic transformation and deepen structural reforms. It is also hoped that Mr. Finance will be able to send a positive signal to the world that the Chinese economy is positive."
Jacob Lu said that all countries in the world are paying attention to the "two sessions" of China that will be held next week, especially the "Government Work Report" that you will be doing at the meeting.
“If we further emphasize the promotion of China's economic transformation and upgrading, emphasize the necessity of supply-side reform and the importance of promoting consumption to boost the economy, and vigorously resolve excess capacity, this will be very important to the global economy and help guide the world economy. Expectations," said Jacob Lu.
If we continue to maintain this momentum, we will be able to solve the problem of personnel diversion in the process of de-capacity.
Jacob Lu is particularly concerned about the ongoing “de-capacity†process in China.
"Pittsburgh and Detroit in the United States have had similar experiences. If they resist change, they will not have good results. The most important thing is that the unemployed people generated during the process of resolving excess capacity cannot return them to the original industry, but should Enter a new position," said Jacob Lu.
"It depends on China's emerging "new economy." Li Keqiang said, "We are actively promoting mass entrepreneurship, innovation, and encouraging makers to develop high technology. These new areas are now driving employment beyond our imagination. In the past two years, the Chinese government has promoted the reform of decentralization and deregulation of the commercial system. More than 12,000 new market entities have been added every day. If we continue to maintain this momentum this year, we will have the solution to solve the problem of personnel diversion in the process of de-capacity."
Li Keqiang said that the Chinese economy is in the process of structural adjustment and the conversion of old and new kinetic energy. This is a difficult process. China will make active fiscal policies more powerful in the future, promoting structural tax cuts and universal fee reductions. At the same time, it will also vigorously promote structural reforms, especially supply-side structural reforms, deepen the decentralization of power, and vigorously promote mass entrepreneurship and innovation.
"We have promoted the decentralization of government and the transformation of government functions in the past few years, which is a 'big surgery'. It has touched the interests of the department and the local, but in order to stimulate the vitality of the market and fully release the enthusiasm and creativity of people, we have no choice but also There is no turning back." Li Keqiang's tone is powerful.
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