We should find a balance between opening the market and (national) security issues; not every financial sector is sensitive.

We cannot ignore the risk of disorderly adjustments in financial markets.

but the important thing is that it has started to float and over time market forces will play a more and more important role.

We don't accept the concept of currency manipulation; it is not a clearly defined economic concept.

The conditions for a free float do not exist at present. The global economy is not balanced, there are still many unstable factors and there will be a lot of adjustments in future,

I think it's very clear that China is introducing a new exchange rate mechanism. It is not a one-time adjustment.