中国经济将保持平稳较快发展。中国经济运行仍然保持在合理区间，今年上半年，中国经济增长7%，增速仍然居世界前列。在世界总体经济形势复杂多变的环境下，这是来之不易的。当前，各国经济都面临着困难，中国经济也面临着一定下行压力，但这是前进中的问题。我们将统筹稳增长、促改革、调结构、惠民生、防风险，加强和创新宏观调控，促进经济增长保持中高速水平。现在，中国新型工业化、信息化、城镇化、农业现代化持续推进，居民储蓄率高，消费潜力巨大，人民工作勤奋，中等收入者比重在提高，服务业发展空间很大，市场空间和潜力都很大。今后，中国将更重视提高经济发展质量和效益，加快转变经济发展方式、调整经济结构，更加注重创新驱动，更加注重消费拉动，更加注重解决经济发展中存在的不平衡、不协调、不可持续问题，使中国经济凤凰涅槃、浴火重生，保持强劲发展动力。

China's economy will stay on a steady course with fairly fast growth. The Chinese economy is still operating within a proper range. It grew by 7 percent in the first half of the year, and this growth rate remains one of the highest in the world. This has not come by easily given the complex and volatile situation in the world economy. At present, all economies are facing difficulties, and our economy is also under downward pressure. But this is only a problem in the course of progress. We will take coordinated steps to achieve stable growth, deepen reform, adjust structure, improve livelihood and prevent risks, while strengthening and innovating macro regulation to keep the growth at a medium-high speed. Currently, China is continuing to move forward its new type of industrialization, digitalization, urbanization and agricultural modernization. China has a high savings rate, a huge consumption potential, a hard-working population and a rising proportion of middle-income people. This creates an enormous space for the services sector and offers a big market with great potential. China will focus more on improving the quality and efficiency of economic growth and accelerating the shift of growth model and adjustment in economic structure. We will lay greater emphasis on innovation and consumption-driven growth. In this way, we will solve the problem of unbalanced, uncoordinated and unsustainable development and enable the Chinese economy to successfully transform itself and maintain strong momentum of growth.

前段时间，中国股市出现了异常波动，引起了大家关注。股市涨跌有其自身的运行规律。政府的职责是维护公开、公平、公正的市场秩序，防止发生大面积恐慌。这次，中国政府采取了一些稳定市场的措施，遏制了股市的恐慌情绪，避免了一次系统性风险。各国成熟市场也采取过类似做法。中国股市已经进入自我修复和自我调节阶段。8月11日，中国完善了人民币汇率中间价报价机制，加大了市场决定汇率的力度。目前，人民币汇率偏差矫正已初见成效。从国际国内经济金融形势看，人民币汇率不存在持续贬值的基础。我们将坚持市场供求决定汇率的改革方向，允许人民币双向浮动，我们反对搞货币竞争性贬值，反对打货币战，也不会压低人民币汇率刺激出口。发展资本市场、完善人民币汇率市场定价机制是中国的改革方向，不会因为这次股市、汇市波动而改变。

Recent abnormal ups and downs in China's stock market has caused wide concern. Stock prices fluctuate in accordance with their inherent laws. And it is the duty of the government to ensure an open, fair and just market order and prevent massive panic from happening. This time, the Chinese government took steps to stabilize the market and contain panic in the stock market and thus avoided a systemic risk. Mature markets of various countries have tried similar approaches. Now, China's stock market has reached the phase of self-recovery and self-adjustment. On 11 August, China moved to improve its RMB central parity quotation mechanism, giving the market a greater role in determining the exchange rate. Our efforts have achieved initial success in correcting the exchange rate deviation. Given the economic and financial situation at home and abroad, there is no basis for continuous depreciation of the RMB. We will stick to the purpose of our reform to have the exchange rate decided by market supply and demand and allow the RMB to float both ways. We are against competitive depreciation or a currency war. We will not lower the RMB exchange rate to stimulate export. To develop the capital market and improve the market-based pricing mechanism of the RMB exchange rate is the direction of our reform. This will not be changed by the recent fluctuation in the stock market or the foreign exchange market.