Premier Li Keqiang on Nov 6 held a roundtable meeting in Beijing with the leaders of six major international economic and financial institutions.

The six leaders were: World Bank President Jim Yong Kim, International Monetary Fund Managing Director Christine Lagarde, World Trade Organization Director-General Roberto Azevedo, Organization for Economic Cooperation and Development Secretary-General Angel Gurria, Financial Stability Board Chairman Mark Carney, and International Labor Organization Deputy Director-General Deborah Greenfield.

Premier Li fully affirmed the fruitful conversation on promoting win-win results between China and the world in an open economy.

All parties were unanimous in believing that the global economy retains an overall tendency toward resurrection while uncertainties are on the rise.

All parties should stick to multilateralism and free trade, and step up conversations, cooperation, and coordination to address problems, under the principles of mutual respect and reciprocal concepts.

In addition, all parties concerned should also give positive signals to the international society and market, and jointly safeguard the recovering global economy.

Premier Li highly valued the in-depth discussion on China’s economy, reform and opening-up, as well as the alignment of its economy and the global economy.

Though faced with certain downward pressures, China boasts abundant targeted policies, adjustment devices, a huge market, and ample human resources. Hence, China has what it takes to retain good economic development in the long run.

China will sustain the continuity of its economic policies. Meanwhile, it will continue with positive fiscal policies and moderate monetary policies, and strengthen targeted regulation and control.

Premier Li said that China will continue to propel the streamlining of administration, tax reduction, fee cuts and other efficient methods to help private, small, and micro-sized enterprises with difficult financing.

Additionally, China will ease market entry requirements for private enterprises, boost the opening-up of services and finance, and create a level playing field for State-owned, private, and foreign enterprises, in a bid to bring the vitality of market entities and creativity of all social forces into full play.

The heads of international organizations at the meeting acknowledged the unstable factors of the world economy, where the growing momentum is being contained and protectionism stands out.

All parties should work together to defend multilateralism, and strengthen the multilateral trade system based on WTO codes, they said.

The achievements made over the past 40 years of reform and opening-up have contributed greatly to world development. China is still riding on a powerful engine, with mass entrepreneurship and innovation growing, a strong driving force of employment.

Optimistic about China’s prospects, the international economic organizations appreciated China’s resolution and movement to deepen reform and opening-up, and believed that China will keep striding forward to high-quality development.

The leaders also said they stand ready to enhance cooperation with China to jointly promote a stable development of the world economy.

State Councilor and Secretary-General of the State Council Xiao Jie also attended the event.