On your second question, China adopts a managed floating exchange rate regime, which serves the long-term and fundamental interests of China.

关于第二个问题，中国实施有管理的浮动汇率制度，这一机制符合中国长远和根本的利益。

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China establishes a managed floating exchange rate regime based on market demand and supply with reference to a basket of currencies.

中国实施的是以市场供求为基础、参考一篮子货币进行调节、有管理的浮动汇率制度。

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We have manifested on many occasions that it is our established policy of implementing a managed floating RMB exchange rate regime.

关于人民币汇率问题，我们多次表明，中方实行有管理的浮动汇率制度，这是我们的既定政策。

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She also introduced a floating exchange rate regime and lifted controls on currency trading.

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However, in 1971 under President Richard Nixon, the Bretton Woods system collapsed and the major currencies shifted to a floating exchange rate regime.

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"We have had a tough year, but through stringent fiscal policy, the new floating exchange rate regime, and extensive structural reforms, we have come out of intensive care unit, " Mr Dervis said.

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