Li rules out using 'currency war' to boost exports

Chinese Premier Li Keqiang (R) meets with International Monetary Fund (IMF) Managing Director Christine Lagarde, who is here to attend the China Development Forum, in Beijing, capital of China, March 21, 2016. [Photo/Xinhua]

Analysts said the world economy has become ever more interconnected and, as a result, policy coordination among major economies has become indispensable.

Long Guoqiang, deputy director of the Development Research Center of the State Council, said, "The international community should strengthen dialogue and policy coordination to offset the negative spillover effect of policies devised by individual economies."

The United States Federal Reserve has hinted at possible interest rate increases this year, causing international capital to flow out of the emerging-market economies.

Li Xiaokun contributed to this story.

xinzhiming@chinadaily.com.cn