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Premier Li Keqiang meets French finance minister

Updated: Sep 21,2015 9:45 AM

Premier Li Keqiang met with the French finance minister during the third annual China-France High-Level Economic and Financial Dialogue in Beijing.

Premier Li told Michel Sapin that China will continue economic reforms, while keeping the domestic market open to foreign investors. He said the policy on foreign investment will generally stay the same. He added that the government will ease restrictions and provide more convenience for foreign capital.

Sapin said the French government pays high attention to Premier Li’s proposal of deepening cooperation.

Sapin also met Vice-Premier Ma Kai during the high level dialogue which they co-chaired. During the press conference, Vice-Premier Ma said France supports the inclusion of the yuan in the IMF’s Special Drawing Rights basket, while Sapin said the French government is confident in China’s economy.

“In terms of the yuan currency meeting the standards of the currently existing preconditions, France supports including the Yuan currency in the SDR currency basket for the upcoming International Monetary Fund (IMF) review,” Ma said.

“We don’t consider that today there is a particularly significant danger …. We have confidence in the Chinese authorities to manage the situation, to take decisions in order for the Chinese economy to recover stability ... given the willingness of the Chinese authorities to find a new kind of development more based on the domestic economy and less on exports. This is a rebalancing that will be good for global stability,” Sapin said.