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As for the Belt and Road Initiative Xi expounded in his speech, Shu said that this initiative not only helps countries step into the fast lane of development, but also makes important contributions to the global economy.

As an ancient Chinese saying goes, "when granaries are full, people will know propriety and moderation." A society can be stable and orderly only when its people can lead a prosperous life. After the introduction of the reform and opening up policy in 1978, China achieved fast economic growth and significant scientific and technological progress. It has become the world's second largest economy, with its per-capita GDP has doubled and redoubled many times over the four decades. In the meantime, the Chinese government has taken various measures such as those to fight corruption, reduce poverty and promote the rule of law, in order to uphold social equity. Thanks to these efforts, the potential factors that might destabilize society have been greatly reduced.

As early as the beginning of this year, at the CEIBS Financial Management Salon, I made it clear that like in the stock market, where volatility is the norm, the RMB volatility is the norm in the foreign exchange market. "There is no need to panic over the RMB breaching the 7-yuan-per-dollar threshold," I said at the event.

As an economist, Trichet is impressed by Xi's efforts to deepen structural reform by transforming heavy industry and bringing the country into the medium and high ends of the global production chain.

As a developing country, China still has shortcomings in infrastructure construction, and the Chinese government will increase supplies of public products and promote reasonable and effective investment in this area, Premier Li Keqiang said on Wednesday.