Ahead of his first official state visit to the U.S., Chinese President Xi Jinping provided written answers to questions submitted by The Wall Street Journal
Economy faces downward pressure but is still operating within a proper range
developing capital markets is key goal of China's reform which will not change just because of current market volatility
reform of yuan formation regime will continue in direction of market operations
advancing convertibility of yuan on capital account in steady orderly manner
decline in forex reserves is normal capital flow, is moderate and manageable
forex reserves remain abundant ($3.6trln) and very large by global standards. No need to over react
aims to timely address legitimate concerns of foreign investors, protect their lawful rights and interests
will further improve market access for foreign firms in China
Full interview available here on subscription