NDRC: China to continue towards market determining RMB

"China will stick to this direction in the long term," said Zhang. The RMB has appreciated by 20 percent since China de-pegged it from the US dollar in July 2005.

Employment pressure to increase

China will face great employment pressure next year, as the number of graduates will peak, reaching 6 million, minister of National Development and Reform Commission Zhang Ping told a press conference in Beijing today.

Maintaining steady and relatively fast economic growth is the key solution to the employment problem, and will remain as the top priority for the central government, Zhang said.

China has already made achievements in creating new jobs in the past several years, with an annual 10 million increased employment opportunities in both urban and rural areas, Zhang said.

This year, newly increased employment opportunities are expected to reach 11 million, according to Zhang.

As the 4-trillion-yuan will further spur local investment, the package will definitely have a positive impact on encouraging employment, Zhang said.