Li Keqiang said China successfully swerved systemic financial risks and that there was no long-term basis for depreciation of China's currency, the renminbi. Li was speaking at a meeting with former US treasury secretary Henry Paulson.
The US consensus supporting close economic ties with China is fraying after four decades, requiring reforms to more closely integrate the world's two biggest economies, former Treasury Secretary Henry Paulson said on Tuesday.
Although there are similarities with what the United States went through at the onset of the financial crisis, experts say the issues in Europe are more complex and will take years to resolve.