At the Davos international economics forum, the RMB exchange rate was one of the hot topics. On January 28, Chinese vice Premier Li Keqiang directly faced the issue of RMB exchange rate and stated that China stabilizes RMB 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.

Li said: “Chinese is consistent and responsible with and for policy for RMB exchange rate. We will in the principle of proactivity, controllability and incrementality perfect the formation mechanism of RMB exchange rate to maintain the RMB exchange rate at the reasonable and balanced level.”

Similar opinions were echoed by Min Chu, senior official from the People's Bank of China, the country's central bank.