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Premier Li Keqiang meets World Bank president

Updated: Jul 16,2015 7:27 PM

Premier Li Keqiang told World Bank President Jim Yong Kim in Beijing on July 16 that the Chinese economy has great resilience, potential and room for maneuver.

On July 15, the world’s second-largest economy posted better-than-expected economic growth of 7 percent in the second quarter.

The Premier said the Chinese government has the capability to handle various risks in economic development and maintain healthy growth in the Chinese economy.

Premier Li said China is willing to strengthen its partnership with the World Bank, and the Chinese government pays great attention to suggestions on China’s health reform by a joint research report of the World Bank and the World Health Organization.

Kim, on a three-day visit to China starting July 15, said China is a strong partner in development and a strong partner for the World Bank Group, and the World Bank shares the commitment to ending poverty and boosting shared prosperity.

“I look forward to a continued strong, cooperative, and productive relationship, which will benefit developing countries around the world,” he said.

China and the World Bank signed an agreement to set up a $50 million fund to help reduce poverty, part of their ongoing collaboration to combat downward pressure on the global economy and push forward China’s health reform.

The fund, which is expected to start later this year, was signed on July 16 during Kim’s visit to Beijing. The fund will finance investment projects, operations, knowledge development and human-resources cooperation at both global and regional levels, according to the World Bank.