Chen Fengying, director of history and economics institute of Institute of modern international relations

"In the first half of 2015, the world misunderstood China's economy due to the volatility of the Chinese capital market, coupled with the foreign exchange market changes caused by RMB exchange rate adjustments.

In his speech, Premier Li clarified the misunderstandings by quoting concrete statistics and facts, and presented measures, such as the full establishment of the RMB cross-border payment system by the end of this year, to show to the world that China will continue to stick to the reform and opening-up policy , and will not close the door to foreign trade."