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"From the government's perspective, one thing is certain, it is unlikely to intervene unless market expectations lean too much either toward appreciation or depreciation," he said.

"Having decided not to recontest the next election, I can confirm that I have advised the prime minister that the end of this year would be an appropriate time for an orderly transition in my portfolio," he added.

"Following the resignation of Mr. Lapin, I chose, in consultation with the leaders of the Senate and the Chamber of Deputies, citizen Fritz William Michel as PM," Moise tweeted on Monday.

"Given the scale of China's economy, the direction and policies being set are very significant beyond China－in the regional and global economy," she said."With the challenges facing the world at the moment, it is encouraging to see China's economy still forecast to grow in 2020－one of the few large economies to do so."

"Foreign investors' investment confidence and market expectation in China will not change in the long term," he added.