Davos Annual Meeting concluded on January 31, during which such issues such as world’s economic recovery, reform of global governance system and development of emerging economic bodies stirred up heated discussions. Among them, international finance and Renminbi exchange rate were remarkable. On January 28, Chinese vice Premier Li Keqiang directly faced the issue of Renminbi exchange rate and stated that China stabilizes Renminbi exchange rate at the reasonable and balanced level, which is to make positive contributions to the world’s economy itself while dialoguing with renowned entrepreneurs present at the Davos meeting.
For the answers of the entrepreneurs present, Li said: “Chinese is consistent and responsible with and for policy for Renminbi exchange rate. We will in the principle of proactivity, controllability and incrementality perfect the formation mechanism of Renminbi exchange rate to maintain the Renminbi exchange rate at the reasonable and balanced level.”
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