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"China has ample foreign exchange reserves and relatively large room for policy controls. China is capable and confident in coping with all sorts of challenges," said Wang Chunying, spokesperson for the State Administration of Foreign Exchange, at a press conference Thursday.

"China is wise and capable of tackling risks and challenges" even if the financial sector enters into a phase of "risk explosion", said Li Yang, director of the National Institution for Finance and Development, or NIFD, under the Chinese Academy of Social Sciences.

"China has long been one of the most important global markets for Finnair. I have a strong confidence in the demand and growth potential of this highly competitive market," he said.

"China expects the United States to take concrete action as soon as possible on a case involving Chinese telecom equipment maker ZTE, and to resolve it in a fair and reasonable manner," he said.

"China could pursue more market-based economic reforms that would bolster confidence in the renminbi," said the department.