Special drawing right, or SDR, is an international currency reserve to supplement its member countries’ official reserves. It was created by the International Monetary Fund (IMF) in 1969 to allow countries to purchase their domestic currencies in foreign exchange markets. In 2009, SDR allocations helped increase liquidity and supplement member countries’ official reserves as they dealt with the global financial crisis.

China's Premier Li Keqiang delivers a government work report during the opening session of the National People's Congress (NPC) in Beijing on March 5. Photo: Reuters

NPC signals Beijing’s aim for stable, balanced growth

The National People’s Congress (NPC) commenced on March 2 with an opening speech by Premier Li Keqiang stressing the need to balance the delivery of near-term growth with the furthering of structural reforms.