Premier Li Keqiang said that the improvements in quality and efficiency of the Chinese economy are important contributions to maintaining stability and development of the world economy.

Li made these remarks during a meeting with the founder and executive chairman of the World Economic Forum, Klaus Schwab on the eve of the annual meeting in Davos, Switzerland. He added that the forum had a significant influence on the international economy.

The Premier stressed that China maintains a positive momentum in economic development amid complex domestic and international situations. He added it will continue to implement a proactive fiscal policy and prudent monetary policy, which will neither be loose nor tight, with more emphasis on structural reforms.

Schwab said China’s role has become increasingly important in the international political and economic system, adding that the forum is willing to expand cooperation with China and support its growing importance in the international arena.

Besides attending the meeting, Premier Li is also paying a working visit to Switzerland. He is scheduled to deliver a keynote speech at the annual forum, meet representatives of the International Business Council of the forum, and hold talks with President of the Swiss Confederation Simonetta Sommaruga.