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Premier meets press with financial leaders

Updated: Nov 25,2020 11:03 AM

Premier Li Keqiang met the press with the leaders of the six major international economic institutions after the fifth "1+6" Roundtable on Nov 24.

The leaders were World Bank Group President David Malpass, International Monetary Fund Managing Director Kristalina Georgieva, World Trade Organization Deputy Director-General Alan Wolff, International Labor Organization Director-General Guy Ryder, Organization for Economic Cooperation and Development Secretary-General Angel Gurria and Financial Stability Board Chairman Randal Quarles.

Praising it an effective and successful dialogue, Premier Li said they discussed global economic situations at the roundtable, and agreed that there exist many uncertainties in global economic recovery. He called for the international community to strengthen cooperation to meet the challenges and promote the growth and recovery of the world economy soon in next year after the severe recession this year.

Those at the roundtable agreed to uphold multilateralism, maintain the authority and validity of the multilateral trade system, and safeguard the stability of the global industrial and supply chains.

Liberalization and facilitation in trade and investment is a strong force that would drive the world out of the economic slump, Premier Li added.

Focusing on the post-epidemic era, China stands ready to push ahead greater and deeper cooperation with major international organizations, and support them to play an important role in global governance, for global development and people's well-being in all nations, he said.

Premier Li introduced China's policies to help enterprises out of difficulties and stimulate their vitality against the shocks of the COVID-19 epidemic, and noted that these policies have proved applicable and effective.

He said China is confident in reaching positive economic growth this year, and expressed expectations for the economic performance to come back into a reasonable range next year.

He stressed that China is still the largest developing country in the world, and development is the basis and key to tackling all problems. The country will be concentrated on development and handling affairs of its own, which is the greatest contribution to the world.

As the Chinese economy has been deeply integrated in the world economy, the country will promote greater opening-up while expanding domestic demands, to share opportunities with all countries.

State Councilor and Secretary-General of the State Council Xiao Jie, and He Lifeng, head of the National Development and Reform Commission, participated in the news conference.