Moving to a truly flexible exchange rate requires a lot of preparatory steps. China is seriously engaged in taking these preparatory steps,

These results are disappointing. Our rail and container-shipping businesses are taking steps to regain earnings momentum by lowering costs and improving efficiency,

What the premier said means that China would continue to increase the flexibility of the RMB exchange rate in a gradual manner.

The important thing here is that we build a constructive relationship with China and with our other trading partners,

This flexible mechanism, this managed floating regime, will allow us to adjust the yuan exchange rate flexibly in the future.

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