Beijing, December 9, 2024 – The Europe Today: China will intensify efforts to expand domestic demand, deepen comprehensive reforms, and steadfastly enhance opening-up to ensure sustained economic growth, Premier Li Qiang stated during high-profile meetings held on Sunday and Monday.
Premier Li engaged with Dilma Rousseff, President of the New Development Bank; Ajay Banga, President of the World Bank; Ngozi Okonjo-Iweala, Director-General of the World Trade Organization (WTO); and Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF). These discussions took place as part of the “1+10” Dialogue, which brought together global economic leaders in Beijing.
Highlighting the global economic challenges amidst rising instability, Li emphasized that openness, cooperation, and mutual benefit are essential to fostering global economic recovery and stable growth.
“This year, the Chinese economy has maintained generally stable growth. We have introduced a series of incremental policies that have significantly boosted market confidence and expectations,” Li said. He reiterated China’s determination to contribute certainty and dynamism to the world economy.
Strengthening Multilateral Cooperation
Premier Li underscored China’s support for the expansion of the New Development Bank and its readiness to enhance project and financing collaboration with BRICS nations and developing countries. He expressed China’s commitment to deepening ties with the World Bank in international development, loans, and shared knowledge to elevate the effectiveness of global partnerships.
Li reaffirmed China’s backing of WTO reforms to invigorate the multilateral trading system, safeguard free trade, and enhance economic globalization. He also pledged deeper cooperation with the IMF to bolster global financial stability, advance shared development goals, and address climate change.
Praise for China’s Role
The leaders of the New Development Bank, World Bank, WTO, and IMF commended China’s pivotal role in promoting multilateralism and fostering global peace and development. They lauded China’s achievements in stimulating economic growth, enhancing the business environment, and broadening market access, which have injected confidence into the global economy.
Acknowledging China’s enduring support for international economic organizations and its contributions to developing countries and the Global South, the leaders expressed a commitment to strengthening cooperative ties with China. They emphasized the need for continued collaboration to uphold multilateralism and free trade amid evolving global challenges.
The “1+10” Dialogue reaffirmed China’s influential role in shaping a more resilient and cooperative global economic framework.
